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VeriCo's accounting records reflect the following inventories:
Dec. 31, 2019 Dec. 31, 2018
Raw materials inventory $315,000 $260,000
Work in process inventory 300,000 160,000
Finished goods inventory 190,000 150,000
Question 1: If VeriCo's cost of goods manufactured for 2019 amounted to $1,890,000, please determine the company's cost of goods sold for the 2019.
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