chap002p4 - Chapter 002, Managerial Accounting and Cost...

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Chapter 002, Managerial Accounting and Cost Concepts 2-16 52. During August, the cost of goods manufactured was $73,000. The beginning finished goods inventory was $15,000 and the ending finished goods inventory was $21,000. What was the cost of goods sold for the month? A. $79,000 B. $109,000 C. $67,000 D. $73,000 53. Walton Manufacturing Company gathered the following data for the month. How much net operating income will be reported for the period? A. $54,000 B. $17,000 C. $52,000 D. Cannot be determined. 54. Using the following data for August, calculate the cost of goods manufactured: The cost of goods manufactured was: A. $106,000 B. $92,000 C. $95,000 D. $89,000
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Chapter 002, Managerial Accounting and Cost Concepts 2-17 55. The following inventory balances relate to Bharath Manufacturing Corporation at the beginning and end of the year: Bharath's cost of goods sold was $653,000. What was Bharath's cost of goods manufactured? A. $660,000
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chap002p4 - Chapter 002, Managerial Accounting and Cost...

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