Consider the follwoing account balances for Omar company; (Beginning of 2020 Work-in-process inventory is $80,000...
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Accounting
Consider the follwoing account balances for Omar company; (Beginning of 2020 Work-in-process inventory is $80,000 and the end of 2020 work-in-process inventory is $60,000) and the (Beginning of 2020 finished goods inventory is $110,000 and the end of 2020 finished goods inventory is 130,000). Direct materials used $500,000, Conversion cost expensed during the period $250,000, Selling expenses $40,000 and Administrative expenses 24,000. Cost of goods sold equal Select one: a. $785,000 b. $690,000 c. $805,000 d. $750,000
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