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    Cost of Goods Sold

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    My company's beginning Finished Goods Inventory was $10,000 and the ending Finished Goods Inventory was $20,000. Raw Materials used in production totaled $5,000. The Cost of Goods Manufactured was $60,000. What was the Cost of Goods Sold?

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    https://brainmass.com/business/cogs/cost-of-goods-sold-problem-67584

    Solution Summary

    This explains the steps to compute the Cost of Goods Sold

    $2.19

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