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Question - The Lubbock Manufacturing Company (LMC) has the following inventory data (stated in thousands). Raw Materials: Beginning $200, Ending $700. Work-n-Process (WIP): Beginning $500, Ending $400. Finished Goods: Beginning $750, Ending $900. Cost of Goods Available for Sale was $2,000. What was cost of goods sold?
A. $150
B. $1,100
C. $1,250
D. $1,850
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