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Compute cost of goods sold for year

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Question - Compute cost of goods sold for year 2013 using the following information.

Finished goods inventory, Dec. 31, 2012 $ 345,000

Goods in process inventory, Dec. 31, 2012 83,500

Goods in process inventory, Dec. 31, 2013 72,300

Cost of goods manufactured, year 2013 918,700

Finished goods inventory, Dec. 31, 2013 283,600

Reference no: EM132058221

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