Calculate the cost of goods sold. (Obj. 7). From the data presented below, determine the cost of goods sold to be shown on the income statement of the Omega Manufacturing Company for the month of June 19X9.

Finished Goods, June 1, 19X9 $145,270 Finished Goods, June 30, 19X9 138,380 Cost of Goods Manufactured 402,910 Recovery From Decrease in Allowance for Reduction of Inventory to Market 5,360

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