“Question 71 refers to the following: The manufacturing operations of QC Company had the following inventory balances for the month of March, 19X5: Inventories 3/1/X5 3 /31/X5 Raw Materials 10,000 12,000 Work in process 6,000 7,000 Finished goods 30,000 22,000 71. If QC transferred $38,000 of completed goods from work in process to finished goods during March, what was the amount of the cost of goods sold? a. $38,000 b. $43,000 c. $30,000 d. $46,000”,”4Cost of Goods Sold = Beginning Inv. of FG + Transferred – Ending Inv. of FG Cost of Goods Sold = 30,000 + 38,000 -22,000 = $46

“Question 71 refers to the following: The manufacturing operations of QC Company had the following inventory balances for the month of March, 19X5: Inventories 3/1/X5 3 /31/X5 Raw Materials 10,000 12,000 Work in process 6,000 7,000 Finished goods 30,000 22,000 71. If QC transferred $38,000 of completed goods from work in process to finished goods during March, what was the amount of the cost of goods sold? a. $38,000 b. $43,000 c. $30,000 d. $46,000”,”4Cost of Goods Sold = Beginning Inv. of FG + Transferred – Ending Inv. of FG Cost of Goods Sold = 30,000 + 38,000 -22,000 = $46

000″