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Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company
The following information is available for Aricanly Manufacturing Company for the month ending January 31:
Cost of goods manufactured $314,430
Selling expenses 105,030
Administrative expenses 55,530
Sales 668,990
Finished goods inventory, January 175,600
Finished goods inventory, January 3168,910
Problem a. For the month ended January 31, determine Aricanly's cost of goods sold.
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