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Question 4 Using the following data for a recent period, calculate the beginning finished goods inventory: Sales $ 35,000 Beginning finished goods inventory ? Cost
Question 4 Using the following data for a recent period, calculate the beginning finished goods inventory: Sales $ 35,000 Beginning finished goods inventory ? Cost of goods manufactured $ 17.000 Ending finished goods inventory $ 3,500 Cost of goods sold ? Gross margin 16,000 Administrative and selling expenses Net operating income $ 12,000 What is the beginning finished goods inventory for the period
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