Question: The following information pertains to the Ruby Corp: Beginning workinprocess inventory $71,000 Ending workinprocess inventory 86,000 Beginning finished goods inventory 175,000 Ending finished goods inventory

The following information pertains to the Ruby Corp:

Beginning

workinprocess

inventory

$71,000
Ending

workinprocess

inventory

86,000

Beginning finished goods inventory

175,000

Ending finished goods inventory

206,000

Cost of goods manufactured

1,202,000

What is cost of goods sold?

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