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QS 14-10 Cost of goods sold LO P1 Compute cost of goods sold for the period using the following information. Finished goods i

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Answer #1
Cost of Goods Sold is Computed as:
Cost of goods manufactured 949900
Add: Finished goods inventory, beginning 350000
Cost of goods available for sale 1299900
Less: Finished goods inventory,ending 334000
Cost of goods sold 965900
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