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The beginning and ending finished goods inventories of the Prize Ring manufacturing company were $78,000 and $75,250 respectively. If cost of goods sold equaled $67,800,
The beginning and ending finished goods inventories of the Prize Ring manufacturing company were $78,000 and $75,250 respectively. If cost of goods sold equaled $67,800, what is the amount of cost of goods manufactured for this period? |
$2,750 | ||
$65,050 | ||
$70,550 | ||
$85,450 | ||
$221,050 |
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