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What was the cost of goods manufactured for the year

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Reference no: EM132001033

Question - The following information was provided by Grand Company for the year just ended:

Decrease in finished goods inventory: 4,655

Sales: 500,000

Gross margin: 100,000

What was the cost of goods manufactured for the year?

$95,345.

$104,655.

$395,345.

$404,655.

Reference no: EM132001033

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