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Evaluate the dollar amount of the fy cost of goods sold

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Reference no: EM132647604

Problem 1: Frederick Company's January 1, 2018 finished goods inventory was $40,000. The January 1, 2019 finished goods inventory is $96,000. Cost of goods manufactured for the FY 2018 was $371,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)

Reference no: EM132647604

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