The following data were available from mith co.s records on, Ask an Expert

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The following data were available from Mith Co.'s records on December 31, 2005:

Finished goods inventory, 1/1/05 $120,000
Finished goods inventory, 12/31/05 110,000
Cost of goods manufactured 520,000
Loss on sale of plant equipment 50,000

what was the cost of goods sold for 2005 ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M953480

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