THE FOLLOWING INFORMATION APPLIES TO THE NEXT QUESTION. Finished goods inventory, January 1, 2011 Finished goods inventory, December 31, 2011 $29,300 $24,100 15. If the cost of goods sold for the year was $427,500, what was the cost of goods manufactured for the year? A. $402,100. B. $422,300. C. $417,100. D. $427,500. E. some other amount.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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THE FOLLOWING INFORMATION APPLIES TO THE NEXT QUESTION.
Finished goods inventory, January 1, 2011
Finished goods inventory, December 31, 2011
$29,300
$24,100
15. If the cost of goods sold for the year was $427,500, what was the cost of goods manufactured for the year?
A. $402,100.
B. $422,300.
C. $417,100.
D. $427,500.
E. some other amount.
Transcribed Image Text:THE FOLLOWING INFORMATION APPLIES TO THE NEXT QUESTION. Finished goods inventory, January 1, 2011 Finished goods inventory, December 31, 2011 $29,300 $24,100 15. If the cost of goods sold for the year was $427,500, what was the cost of goods manufactured for the year? A. $402,100. B. $422,300. C. $417,100. D. $427,500. E. some other amount.
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