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Question - 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
Required - For the month ended January 31, determine Aricanly's cost of goods sold.
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