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Hollern Combines, Inc. has $10,000 of ending finished goods inventory as of December 31, 2010. If beginning finished goods inventory was $5,000 and cost of goods sold was $20,000, how much would Hollern report for cost of goods manufactured?

A) $22,500

B) $5,000

C) $25,000

D) $15,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9447860

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