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Expert Should answer it. Problem number 1: The following data were taken from the cost records: Inventories at the beginning and end of the vear

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Problem number 1: The following data were taken from the cost records: Inventories at the beginning and end of the vear were as follows: Sales recorded during the year amounted Rs. 7,7000. Required: a. Prepare a Statement of Cost of Goods Manufactured for the year. b. Prepare a statement of Cost of Goods Sold for the year and calculate Gross profit

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