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Given the following information, calculate the net income for the year ended December 31, 2006, Selling expenses $ 78,000 General expenses 48,600 Sales 545,000 Finished goods inventory, January 1, 2006 29,500 Finished goods inventory, December, 31, 2006 27,200 Cost of goods manufactured 280,700

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9947630

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