The cost of goods sold for Michaels Manufacturing

by | Mar 18, 2020 | Uncategorized

  

The cost of goods sold for Michaels Manufacturing in the current year was $233,000. The January 1 finished goods inventory balance was $31,600, and the December 31 finished goods inventory balance was $24,200. Cost of goods manufactured during the period was

a. $240,400
b. $288,800
c. $233,000
d. $225,600
  

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