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problem: Domo Corporation reported the following information (in dollars):

            Inventories:                             Begin     End

            Raw materials                         30,000 34,000

            Work in process                      23,000 22,000

Finished goods                        32,000 35,000

If the firm transferred $222,000 of completed goods from work in process to finished goods inventory during September, determine the cost of goods sold for the month?

[A] $222,000

[B] $221,000

[C] $219,000

[D] $225,000

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M920390

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