X Company had $80,000 of ending finished goods inventory, beginning finished goods inventory was $100,000, and cost of goods sold $620,000 Refer to the above, how much would the company report for cost of goods manufactured? * O $600,000 O $700,000 O $710,000 O None of the above

X Company had $80,000 of ending finished goods inventory, beginning finished goods inventory was $100,000, and cost of goods sold $620,000 Refer to the above, how much would the company report for cost of goods manufactured? * O $600,000 O $700,000 O $710,000 O None of the above

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 33BE

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Question

X Company had $80,000 of ending
finished goods inventory, beginning
finished goods inventory was
$100,000, and cost of goods sold
$620,000
Refer to the above, how much would
the company report for cost of goods
manufactured? *
$600,000
O $700,000
O $710,000
O None of the above

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