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A manufacturing company has a beginning finished goods inventory of $16,400, raw material purchases of $19,800, cost of goods manufactured of $36,100, and an ending
A manufacturing company has a beginning finished goods inventory of $16,400, raw material purchases of $19,800, cost of goods manufactured of $36,100, and an ending finished goods inventory of $19,600. Describe, present and explain the mathematical formula and steps used in computing the cost of goods sold for this company.
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