Question: I need help with this general accounting problem using proper accounting guidelines. Jeep Industries reported the following year end information: Beginning work in process inventory

I need help with this general accounting problem using proper accounting guidelines.

Jeep Industries reported the following year end information: Beginning work in process inventory $92,000 Cost of goods manufactured $934,000 Beginning finished goods inventory $56,000 Ending work in process inventory $78,000 Ending finished goods inventory $42,000 How much is Jeep's cost of goods sold for the year? A. $970,000 B. $948,000 C. $952,000 D. $964.000

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