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The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the year amount to $542,000 and the cost of goods sold

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The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the year amount to $542,000 and the cost of goods sold for the year was $1,606,000. Required: Prepare a cost of goods sold statement. Required: Prepare a cost of goods sold statement

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