FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 10

Franklin Manufacturing provided the following information for the month ended March 31:
Sales Revenue
Beginning Finished Goods Inventory
Ending Finished Goods Inventory
Cost of Goods Manufactured
$19,000
15,000
8,500
14,600
Compute cost of goods sold.
O A. $21,100
O B. $8,100
OC. $23,100
O D. $14,600
Transcribed Image Text:Franklin Manufacturing provided the following information for the month ended March 31: Sales Revenue Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Manufactured $19,000 15,000 8,500 14,600 Compute cost of goods sold. O A. $21,100 O B. $8,100 OC. $23,100 O D. $14,600
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