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Edmiston Company reported the following year-end information

Author:
July 19th, 2019

Edmiston Company reported the following year-end information: beginning work in process inventory, $80,000; cost of goods manufactured, $780,000; beginning finished goods inventory, $50,000; ending work in process inventory, $70,000; and ending finished goods inventory, $40,000. How much is Edmiston’s cost of goods sold for the year?

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a. $780,000

b. $790,000

c. $770,000

d. $800,000

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