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Calculate the cost of goods sold for a company with the following information: Item Amount ($) Beginning Finished Goods Inventory $7,200,000 Ending Finished Goods Inventory

Calculate the cost of goods sold for a company with the following information:

Item

Amount ($)

Beginning Finished Goods Inventory

$7,200,000

Ending Finished Goods Inventory

$7,230,000

Cost of Goods Manufactured

$36,000,000

Selling and Administrative Expenses

$12,300,000

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