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View Policies Current Attempt in Progress Swifty Corporations accounting records reflect the following inventories: Dec 31,
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Answer #1

Solution :

The Answer is (d) 2,233,700.

Working :

Finished Goods, Opening $ 150,000
Add : Cost of Goods Manufactured $ 2,273,700
Total Avaiable Goods for Sale $ 2,423,700
Less : Finished Goods, Closing ($ 190,000)
Cost of Goods Sold $ 2,233,700

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