• Last month, a manufacturing company had the following operating results:
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• Beginning finished goods inventory    $$72,700$
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• Ending finished goods inventory     $$72,800$
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• Sales       $$466,000$
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• Gross margin    $$50,100$
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• What was the cost of goods manufactured for the month?

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Answer rating: 100% (QA)

Cost of Goods Sold can be determined as Sales Gross Margin Cost of Goods Sold Substit... View the full answer