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Question - During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $24,000 & ending finished goods inventory of $22,500. Beginning work-in-process was $13,000 and ending work-in-process was 12,500. Factory overhead was $22,500. The total manufacturing costs amounted to $282,000. Use this information to determine the FY 2018 Cost of Goods Sold.
Susan's outside basis is $20,000. What is Susan's basis in the distributed inventory and accounts receivable
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