Use the following information for Swansea Manufacturing Company: work in...
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Accounting
Use the following information for Swansea Manufacturing Company:
| work in process | finished goods | |
| Begining Balance | $30,000 | $36,000 |
| Transfers In | 50,000 | ? |
| Transfers out | 44,000 | ? |
| Ending Balance | ? | 30,000 |
The cost of goods sold for the period was: a. $6,000 b. $56,000 c. $44,000 d. $50,000
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