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The following information is available about the August transactions of the Helpful Tool Company: ...

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Accounting

The following information is available about the August transactions of the Helpful Tool Company:

Invoices for product costs paid during the month $ 493,000
Product costs charged to work in process $ 737,000
Cost of finished goods manufactured $ 718,000
Cost of goods sold $ 739,000

The product costs to be deducted from revenue in August amount to:

  1. $739,000.
  2. $493,000.
  3. $718,000.
  4. $737,000.

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