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A company produced 50,000 units during the month. Total manufacturing costs, including direct materials, direct labor, and factory overhead, amounted to $1,000,000. If the ending
A company produced 50,000 units during the month. Total manufacturing costs, including direct materials, direct labor, and factory overhead, amounted to $1,000,000. If the ending inventory was valued at $120,000, calculate the cost of goods sold and analyze the impact of inventory valuation methods on financial reporting.
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