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What is the cost of goods sold

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Question - Viva Inc. has provided the following information for the year:

Cost of Goods Sold $1,261,000

Beginning Balance - Finished Goods Inventory $99,000

Ending Balance - Finished Goods Inventory $85,000

What is the cost of goods sold?

a) $184,000

b) $1,275,000

c) $1,261,000

d) $1,247,000

Reference no: EM131961329

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