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Problem: 7.4 Vinton Fabrication Ltd. reported the following inventory balances at the beginning and end of the year: Raw materials Beginning Ending $7,500 $2,800 Finished goods $29,000 $35,000 Vinton's cost of goods sold was $397,000. What was Vinton's cost of goods manufactured? A. $403,000 B. $676,000 C. $691,000 D. $426,000

Problem: 7.4 Vinton Fabrication Ltd. reported the following inventory balances at the beginning and end of the year: Raw materials Beginning Ending $7,500 $2,800 Finished goods $29,000 $35,000 Vinton's cost of goods sold was $397,000. What was Vinton's cost of goods manufactured? A. $403,000 B. $676,000 C. $691,000 D. $426,000

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 41E: Cost of goods sold and related items The following data were extracted from the accounting records...
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What was Vinton cost of goods manufactured ?

Problem: 7.4 Vinton Fabrication Ltd. reported the following inventory balances at the beginning and end of the year: Raw materials Beginning Ending $7,500 $2,800 Finished goods $29,000 $35,000 Vinton's cost of goods sold was $397,000. What was Vinton's cost of goods manufactured? A. $403,000 B. $676,000 C. $691,000 D. $426,000
Transcribed Image Text:Problem: 7.4 Vinton Fabrication Ltd. reported the following inventory balances at the beginning and end of the year: Raw materials Beginning Ending $7,500 $2,800 Finished goods $29,000 $35,000 Vinton's cost of goods sold was $397,000. What was Vinton's cost of goods manufactured? A. $403,000 B. $676,000 C. $691,000 D. $426,000
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