The following information pertains to the Cannady Corporation
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The following information pertains to the Cannady Corporation:
Beginning WIP Inventory = $50,000
Ending WIP Inventory = $48,000
Beginning Finished Goods Inventory = $180,000
Ending Finished Goods Inventory = $182,000
Cost of Goods Manufactured = $1,220,000
What is the cost of goods sold?
a $1,235,000
b $1,222,000
c $1,218,000
b $1,205,000
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Solution Summary
The expert examines Cannady Corporation.
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Correct answer is C $1218000 as worked out below.
Calculation of Cost Of Goods ...
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