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16. The following information was provided by Grand Company for the year just ended Beginning finished goods inventory Ending finished goods inventory Sales Gross margin

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16. The following information was provided by Grand Company for the year just ended Beginning finished goods inventory Ending finished goods inventory Sales Gross margin $130,425 $125,770 $500.000 $100.000 The cost of goods manufactured for the year was $104,655 $395,345 $95 345 $404 655

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