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Dorsett Technologies had finished goods inventory on January 1, 20X8 of $29,500 and finished goods inventory on December 31, 20X8, of $24,300. If the cost of goods sold during the year was $428,000, what Was the cost of goods manufactured during the year? A. $402,400 B. $422,800 C. $417,600 D. $428,000 E. None of the answers are correct

Dorsett Technologies had finished goods inventory on January 1, 20X8 of $29,500 and finished goods inventory on December 31, 20X8, of $24,300. If the cost of goods sold during the year was $428,000, what Was the cost of goods manufactured during the year? A. $402,400 B. $422,800 C. $417,600 D. $428,000 E. None of the answers are correct

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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Dorsett Technologies had finished goods inventory on January 1, 20X8 of $29,500 and finished goods inventory on December 31, 20X8, of $24,300. If the cost of goods sold during the year was $428,000, what Was the cost of goods manufactured during the year? A. $402,400 B. $422,800 C. $417,600 D. $428,000 E. None of the answers are correct
Transcribed Image Text:Dorsett Technologies had finished goods inventory on January 1, 20X8 of $29,500 and finished goods inventory on December 31, 20X8, of $24,300. If the cost of goods sold during the year was $428,000, what Was the cost of goods manufactured during the year? A. $402,400 B. $422,800 C. $417,600 D. $428,000 E. None of the answers are correct
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