ston Company reported the fobowing year end information: beginning work in pracess inventary, s0,000: cot of goods manufatured 750,000 bing finshed good inventory, $0.000, ndng wok proces iventary, S70,000, and ending finished gods entery, $40,000. How mach isditon's cotf gods sld for the year? 1740,000 S70.000 1750,000
ston Company reported the fobowing year end information: beginning work in pracess inventary, s0,000: cot of goods manufatured 750,000 bing finshed good inventory, $0.000, ndng wok proces iventary, S70,000, and ending finished gods entery, $40,000. How mach isditon's cotf gods sld for the year? 1740,000 S70.000 1750,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Edmiston Company reported the following vear-end information: beginning work in process inventory, s80,000; cast of goods
manufactured, $750,000; beginning finished goods inventory, $50,000, endng work in process inventory, $70,000; and ending
finished goods inventory, 40,000. How much is Edmiston's cost of goods sold for the year?
O 3740,000
O S770,000
• s760,000
O 750,000
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