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Swifty Corporation's accounting records reflect the following inventories: Dec. 31, 2021 Dec 31, 2022 $ 87300 $68800 Raw materials inventory Work in process inventory Finished
Swifty Corporation's accounting records reflect the following inventories: Dec. 31, 2021 Dec 31, 2022 $ 87300 $68800 Raw materials inventory Work in process inventory Finished goods inventory 106900 117600 101600 91200 During 2022, Swifty purchased $143900 of raw materials, incurred direct labor costs of $283500, and incurred manufacturing overhead totaling $158900. (Assume that all raw materials used were direct materials.) Assume Swifty's cost of goods manufactured for 2022 amounted to $1692000. How much would it report as cost of goods sold for the year? $1681600 $1702400 O $1600800 $1793600
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