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Question 8 Concord Corporations accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materi

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Answer #1

Answer: $1,912,000

Explanation

Cost of goods sold = Beginning Finished Goods + Cost of goods manufactured - Ending Finished Goods

= 100,000 + 1,904,000 - 92,000

= $ 1,912,000

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