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How much would abc combines report for cost of goods

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Reference no: EM132691859

Problem 1: ABC Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2017. If beginning finished goods inventory was $10,000 and cost of goods sold was $50,000, how much would ABC Combines report for cost of goods manufactured?

Select one:

a. $60,000
b. $40,000
c. $10,000
d. $70,000

Reference no: EM132691859

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