For the year, Blue Star Manufacturing has cost of goods manufactured of $800,000, beginning finished goods inventory of $300,000, and ending finished goods inventory of $400,000. The cost of goods sold is: A. $600,000 B. $700,000 C. $800,000 D. $900,000

Cornerstones of Cost Management (Cornerstones Series)
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Chapter2: Basic Cost Management Concepts
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Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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For the year, Blue Star Manufacturing has cost of goods manufactured of $800,000, beginning
finished goods inventory of $300,000, and ending finished goods inventory of $400,000. The
cost of goods sold is:
A. $600,000
B. $700,000
C. $800,000
D. $900,000
Transcribed Image Text:For the year, Blue Star Manufacturing has cost of goods manufactured of $800,000, beginning finished goods inventory of $300,000, and ending finished goods inventory of $400,000. The cost of goods sold is: A. $600,000 B. $700,000 C. $800,000 D. $900,000
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