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Franklin Manufacturing provided the following information for the month ended March 31: Sales Revenue $24,000 Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Manufactured 16,000 6,500 16,600 Compute cost of goods sold. A. $7,100 B. $23,100 C. $16,600 D. $26,100

Franklin Manufacturing provided the following information for the month ended March 31: Sales Revenue $24,000 Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Manufactured 16,000 6,500 16,600 Compute cost of goods sold. A. $7,100 B. $23,100 C. $16,600 D. $26,100

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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Franklin Manufacturing provided the following information for the month ended March 31: Sales Revenue $24,000 16,000 6,500 16,600 Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Manufactured Compute cost of goods sold. A. $7,100 B. $23,100 $16,600 D. $26,100
Transcribed Image Text:Franklin Manufacturing provided the following information for the month ended March 31: Sales Revenue $24,000 16,000 6,500 16,600 Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Manufactured Compute cost of goods sold. A. $7,100 B. $23,100 $16,600 D. $26,100
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