Solved: The cost of goods sold for frye manufacturing in the year, Accounting Basics

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The cost of goods sold for frye manufacturing in the year

Question - The cost of goods sold for Frye Manufacturing in the year was $373,000. The January 1 Finished Goods Inventory balance was $30,200, and the December 31 Finished Goods Inventory balance was $24,000. Calculate the cost of goods manufactured during the year.

$397,000

$54,200

$366,800

$6,200

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Accounting Basics: The cost of goods sold for frye manufacturing in the year

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