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The following information pertains to the ABC Corp: Beginning work-in-process inventory $56,000 Ending work-in-process inventory 78,000 Beginning finished goods inventory 159,000 Ending finished goods inventory 122,000 Cost of goods manufactured 850,000 What is cost of goods sold? $835,000 $813,000 $828,000 $887,000

The following information pertains to the ABC Corp: Beginning work-in-process inventory $56,000 Ending work-in-process inventory 78,000 Beginning finished goods inventory 159,000 Ending finished goods inventory 122,000 Cost of goods manufactured 850,000 What is cost of goods sold? $835,000 $813,000 $828,000 $887,000

FINANCIAL ACCOUNTING
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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The following information pertains to the ABC Corp: Beginning work-in-process inventory $56,000 Ending work-in-process inventory 78,000 Beginning finished goods inventory 159,000 Ending finished goods inventory 122,000 Cost of goods manufactured 850,000 What is cost of goods sold? $835,000 $813,000 $828,000 $887,000
Transcribed Image Text:The following information pertains to the ABC Corp: Beginning work-in-process inventory $56,000 Ending work-in-process inventory 78,000 Beginning finished goods inventory 159,000 Ending finished goods inventory 122,000 Cost of goods manufactured 850,000 What is cost of goods sold? $835,000 $813,000 $828,000 $887,000
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