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View History Bookmarks Window Help chester Return to B Managerial Accounting, 3e Exercise 4-7 The following information relates to the operations of Concord Company: Finished Goods Inventory, beginning 75,400 Finished Goods Inventory, ending 50,700 Cost of goods available for sale $ 250,200 (a) What was Concords cost of goods manufactured for the period? Cost of goods manufactured (b) What was Concords cost of goods sold for the period? Cost of goods sold Click if you would like to Show Work for this question: Open Show Work 9
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Answer #1

(a) Cost of goods manufactured = $250,200 - $75,400 = $174,800

(b) Cost of goods sold = $250,200 - $50,700 = $199,500

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