Logan Corp.'s trial balance of income statement accounts for the year ended December 31, 2014 included the following: Other information:Logan's income tax rate is 30%. Finished goods inventory: On Logan's multiple-step income statement for 2014,Cost of goods manufactured is
A) $176,000.
B) $170,000.
C) $136,000.
D) $130,000.

Question

Logan Corp.'s trial balance of income statement accounts for the year ended December 31, 2014 included the following:  Other information:Logan's income tax rate is 30%. Finished goods inventory:  On Logan's multiple-step income statement for 2014,Cost of goods manufactured is
A) $176,000. 
B) $170,000. 
C) $136,000. 
D) $130,000.

Quizplus · Accepted Answer

The Answer of Logan Corp.'s trial balance of income statement accounts for the year ended December 31, 2014 included the following:  Other information:Logan's income tax rate is 30%. Finished goods inventory:  On Logan's multiple-step income statement for 2014,Cost of goods manufactured is
A) $176,000. 
B) $170,000. 
C) $136,000. 
D) $130,000.