James Supplies has a cost of goods manufactured for the year of $750,000. Beginning work-in-process inventory...
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James Supplies has a cost of goods manufactured for the year of $750,000. Beginning work-in-process inventory was $50,000 and ending work-in-process was $60,000. If James' beginning finished goods inventory was $400,000 and the ending finished goods inventory was $910,000, what was the company's cost of goods sold for the year? a. $1,350,000 b. $360,000 c. $490,000 d. $240,000 James Supplies has a cost of goods manufactured for the year of $750,000. Beginning work-in-process inventory was $50,000 and ending work-in-process was $60,000. If James' beginning finished goods inventory was $400,000 and the ending finished goods inventory was $910,000, what was the company's cost of goods sold for the year? a. $1,350,000 b. $360,000 c. $490,000 d. $240,000
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