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Question - For the year, ABC Id has the costs of goods manufactured of $50,000. The beginning finished goods inventory of $20,000, and ending finished goods inventory of $25,000. What is the cost of goods sold for May?
a. $45,000
b. $55.000
c. $50.000
d. $40,000
Determine by what amount the balances of the deferred liability and deferred tax asset will increase or decrease for the year to 30 June 2020
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