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A company reports the following for the current year. Finished goods inventory, beginning of year.........$6,000 Finished goods inventory, ending of year................3,200 Cost of goods sold...................................................7,500
A company reports the following for the current year. Finished goods inventory, beginning of year.........$6,000 Finished goods inventory, ending of year................3,200 Cost of goods sold...................................................7,500 Its cost of goods manufactured (COGM) for the current year is
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