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Compute cost of goods sold using the following information: Finished goods inventory, beginning $ 880 Cost...

Compute cost of goods sold using the following information: Finished goods inventory, beginning $ 880 Cost of goods manufactured 6,320 Finished goods inventory, ending 1,150

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Solution - Calculation of cost of goods sold

Particulars Amount
Finshed goods inventory, beginning $880
(+) Cost of goods manufactured $6320
Cost of goods available for sale $7200
(-)Finished goods inventory, beginning $1150
Cost of goods sold $6050
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