Solved: The lubbock manufacturing company lmc has the following, Accounting Basics

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The lubbock manufacturing company lmc has the following

Question - The Lubbock Manufacturing Company (LMC) has the following inventory data (stated in thousands). Raw Materials: Beginning $200, Ending $700. Work-n-Process (WIP): Beginning $500, Ending $400. Finished Goods: Beginning $750, Ending $900. Cost of Goods Available for Sale was $2,000. What was cost of goods sold?

A. $150

B. $1,100

C. $1,250

D. $1,850

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Accounting Basics: The lubbock manufacturing company lmc has the following

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