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Sheridan Company's accounting records reflect the following inventories: During 2020, Sheridan purchased $1370000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing
Sheridan Company's accounting records reflect the following inventories: During 2020, Sheridan purchased $1370000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. Assume Sheridan's cost of goods manufactured for 2020 amounted to $1784000. How much would it report as cost of goods sold for the year? $1884000 $1692000 $1776000 $1792000
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