Cost of goods manufactured equals $88,000 for 2012.Finished goods inventory is $4,000 at the beginning of the year and $11,000 at the end of the year.Beginning and ending work in process for 2012 are $8,000 and $10,000 respectively.How much is cost of goods sold for the year?
A) $93,000
B) $84,000
C) $81,000
D) $95,000
Correct Answer:
Verified
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