Tuesday, May 24, 2011

The following information pertains to the Duggan Corporation:

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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