(Answered) Question - cost of goods manufactured equals 55000 for 2010

Accounting

Question - Cost of goods manufactured equals $55,000 for 2010. Finished goods inventory is $2,000 at the beginning of the year and $5,500 at the end of the year. Beginning and ending work in process for 2010 are $4,000 and $5,000, respectively. How much is cost of goods sold for the year?

a. $57,500

b. $53,000

c. $51,500

d. $58,500

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