Given the following data for Scurry Company, what is the cost of goods sold?Beginning inventory of finished goods $100,000Cost of goods manufactured700,000Ending inventory of finished goods200,000Beginning work-in-process inventory300,000Ending work-in-process inventory50,000Select one:a. $600,000b. $950,000c. $500,000d. $800,000

Given the following data for Scurry Company, what is the cost of goods sold? Beginning inventory of finished goods $100,000 Cost of goods manufactured 700,000 200,000 300,000 50,000 Ending inventory of finished goods Beginning work-in-process inventory Ending work-in-process inventory Select one: O a. $600,000 b. $950,000 c. $500,000 d. $800,000

Given the following data for Scurry Company, what is the cost of goods sold? Beginning inventory of finished goods $100,000 Cost of goods manufactured 700,000 200,000 300,000 50,000 Ending inventory of finished goods Beginning work-in-process inventory Ending work-in-process inventory Select one: O a. $600,000 b. $950,000 c. $500,000 d. $800,000

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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Question

Given the following data for Scurry Company, what is the cost of goods sold?
Beginning inventory of finished goods $100,000
Cost of goods manufactured
700,000
Ending inventory of finished goods
200,000
Beginning work-in-process inventory
300,000
Ending work-in-process inventory
50,000
Select one:
a. $600,000
b. $950,000
c. $500,000
d. $800,000

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