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Company had $10,000 of ending finished goods inventory, beginning finished goods inventor as $25,000, and cost of goods sold $157,000

Company had $10,000 of ending finished goods inventory, beginning finished goods inventor as $25,000, and cost of goods sold $157,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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X Company had $10,000 of ending finished goods inventory, beginning finished goods inventory was $25,000, and cost of goods sold $157,000 Refer to the above, how much would the company report for cost of goods manufactured? * $122,000 $172,000 $142,000 O None of the above Refer to the above, assume that sales revenue for the year was $260,000 and total period costs were $78,00O. The company's gross profit for the year was: * $25,000 $103,000 $182,000 None of the above Back Next Page 6 of 9 Clear form acer F6 F8 F9 F10 F11 DIO PrtSc SysRq F12 Scr Lk & * O O
Transcribed Image Text:X Company had $10,000 of ending finished goods inventory, beginning finished goods inventory was $25,000, and cost of goods sold $157,000 Refer to the above, how much would the company report for cost of goods manufactured? * $122,000 $172,000 $142,000 O None of the above Refer to the above, assume that sales revenue for the year was $260,000 and total period costs were $78,00O. The company's gross profit for the year was: * $25,000 $103,000 $182,000 None of the above Back Next Page 6 of 9 Clear form acer F6 F8 F9 F10 F11 DIO PrtSc SysRq F12 Scr Lk & * O O
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