BUS MGT QUES with calculations-If the cost of goods manufactured for the year was $396,000

1. [The following information applies to the questions displayed below.]

Finished goods inventory, January 1, 2011 $ 30,400

Finished goods inventory, December 31, 2011 $ 25,200

If the cost of goods manufactured for the year was $396,000, what was the cost of goods sold for the year?

$401,200.

None of these.

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