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The following information was provided by Grand Company for the year just ended: Decrease in finished goods inventory $4,655 Sales $500,000 Gross margin $100,000 What
The following information was provided by Grand Company for the year just ended:
| Decrease in finished goods inventory | $4,655 |
| Sales | $500,000 |
| Gross margin | $100,000 |
What was the cost of goods manufactured for the year?
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$95,345.
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$104,655.
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$395,345.
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$404,655.
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