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What the company cost of goods sold balance reported

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Reference no: EM132979154

Problem 1: A company had a Finished Goods Inventory balance of $150,000 at the beginning of the year. Its cost of goods manufactured for the entire year was $400,000, and its ending Finished Goods Inventory balance was $80,000. Based on this information, the company's Cost of Goods Sold balance reported in the income statement was

Reference no: EM132979154

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