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Problem - Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers. During the month of March, 8,100 coffee makers were completed at a cost of goods manufactured of $607,500. Suppose that on March 1, Morning Smiles had 1,000 units in finished goods inventory costing $70,000 and on March 31, 1,100 units in finished goods inventory costing $65,000.
Required -
1. Prepare a cost of goods sold statement for the month of March.
2. Calculate the number of coffee makers that were sold during March.
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