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Company X presents the following information: Beginning inventory of Finished...
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Company X presents the following information:
- Beginning inventory of Finished goods: $112000
- Ending inventory of Finished goods: $56000
- Beginning inventory of Work in progress: $140000
- Ending inventory of Work in progress: $84000
- Direct materials used in production: $28000
- Direct Labor and overhead costs: $168000
Based on the information above, determine the cost of goods sold (COGS) for the period.
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