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sheet and the income statement. 05. Product costs affect only the balance sheet. 2 Harrison Industries began July with a fini
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Answer #1

The correct option is 04th i.e $133,000.

Cost of goods sold = Beginning inventory of FG + Cost of goods manufactured - Ending inventory of FG

$125,000 = $48,000 + Cost of goods manufactured - $56,000

Cost of goods manufactured = $125,000 + $56,000 - $48,000

Cost of goods manufactured = $133,000.

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