ACCOUNTING
Multiple Choice
The following information pertains to the Duggan Corporation:
Beginning work-in-process inventory $ 20,000
Ending work-in-process inventory 23,000
Beginning finished goods inventory 36,000
Ending finished goods inventory 34,000
Cost of goods manufactured 246,000
What is cost of goods sold?
a. $244,000
b. $248,000
c. $243,000
d. $249,000
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