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In April, Walston Enterprises Had the Following Results How Much Is Cost of Goods Sold for April?
A)$458,000

Question 61

Multiple Choice

In April, Walston Enterprises had the following results:  Beginning Finished Goods Inventory $17,400 Ending Finished Goods Inventory $25,400 Sales $965,000 Gross Margin $450,000\begin{array} { l r } \text { Beginning Finished Goods Inventory } & \$ 17,400 \\\text { Ending Finished Goods Inventory } & \$ 25,400 \\\text { Sales } & \$ 965,000 \\\text { Gross Margin } & \$ 450,000\end{array} How much is Cost of Goods sold for April?


A) $458,000
B) $515,000
C) $507,000
D) $423,000

Correct Answer:

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