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nd Question 1 Sheffield Corp. had the following information at December 31: Finished goods inventory, January 1 Finished goods inventory, December 31 226000 If the cost of goods manufactured during the year amounted to $1895000 and annual sales were $2994000, how much is the $40000 amount of gross profit for the year? $1099000 s1059000 $1285000 $1709000 ed f the were