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How much is the cost of goods sold

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Question - On December 31 2015, Ace Company has a balance in the finished goods inventory account of $20,000. On January 1, 2015, the balance in the finished goods inventory account was $45,000. ON December 31 2015, the balance in the work in progress inventor account is $5,000. On January 1 2015, the balance in the work in process inventory account is $12,000. Cost of goods manufactured is $290,000. How much is the cost of goods sold?

Reference no: EM131728287

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