The accounting records of Upton Company revealed the following information: Cost of goods manufactured$754,000 Work-in-process inventory, 1/1 58,000 Finished-goods inventory, 1/1 125,000 Work-in-process inventory, 12/31 49,000 Finished-goods inventory, 12/31 158,000 Upton's cost of goods sold is:
A. $787,000.
B. $778,000.
C. $721,000.
D. $730,000.
E. None of the answers is correct.
Answer: C
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