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Fortune Products PLC is a manufacturer of kitchen utensils. The following table presents inventory balances for the month of November 2022. Total manufacturing costs for

Fortune Products PLC is a manufacturer of kitchen utensils. The following table presents inventory balances for the month of November 2022. Total manufacturing costs for the month were $24,000. Your task is to calculate the cost of goods sold for the month of November.

Inventories

Opening

Closing

Materials

$120

$180

Work in process

$220

$200

Finished goods

$1,200

$1,500

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