For the month of December, its first month of operations, the Radcliffe Corporation completed and transferred 800 units of product costing $80,000 to produce to Finished Goods Inventory
If Radcliffe sold 650 units during the same month, how much was cost of goods sold for the same period?
A. $80,000.
B. $8,000.
C. $6,500.
D. $65,000.
D
$80,000/800 = $100 unit cost × 650 units sold = $65,000
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