Question: I need assistance with this general accounting question using appropriate principles. Oakridge Industrial Systems had a beginning finished goods inventory of $62,000 on January 1,

I need assistance with this general accounting question using appropriate principles.

Oakridge Industrial Systems had a beginning finished goods inventory of $62,000 on January 1, 2023. The ending finished goods inventory on January 1, 2024, was $76,000. The cost of goods manufactured for the fiscal year 2023 was $480,000. Using the given information, calculate the cost of goods sold for Oakridge Industrial Systems for the fiscal year 2023

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