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(5 points). Lake Annecy Manufacturing Company's "Finished Goods Inventory" account had a beginning and ending...

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Accounting

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(5 points). Lake Annecy Manufacturing Company's "Finished Goods Inventory" account had a beginning and ending balance of $250,000 and $300,000, respectively. Cost of Goods Sold is: C. a. Higher than Cost of Good Manufactured by $50,000. b. The same as Cost of Cost of Good Manufactured. Lower than Cost of Good Manufactured by $50,000. d. Lower than Cost of Good Manufactured but more information is needed to determine the amount of the difference. e. None of the answer is correct

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