If a company sells goods that cost $80,000 for $92.000, the firm will: A. reduce Finished-Goods Inventory by $80,000. B. reduce Finished-Goods Inventory by $92.000. C report sales revenue on the balance sheet of $92.000. . D. reduce Cost of Goods Sold by $80,000. E. follow more than one of the other procedures.

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Q: A firm had beginning finished goods inventory of 20,000; its cost of goods manufactured was 75,000;…

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A: The cost of goods manufactured can be calculated from the cost of goods sold function

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A: Net Profit = Total revenue - Total expenses

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A: Cost of goods sold means the cost incurred on the goods which has been sold including all direct…

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A:

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.