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Use the following data to calculate the cost of goods sold for the period: Beginning Raw Materials Inventory $ 31,000 Ending Raw Materials Inventory 71,000

Use the following data to calculate the cost of goods sold for the period:

Beginning Raw Materials Inventory $ 31,000
Ending Raw Materials Inventory 71,000
Beginning Work in Process Inventory 41,000
Ending Work in Process Inventory 47,000
Beginning Finished Goods Inventory 73,000
Ending Finished Goods Inventory 69,000
Cost of Goods Manufactured 247,000

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