Calculate the cost of goods sold. From the data presented below, determine the cost of...
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Accounting
Calculate the cost of goods sold. From the data presented below, determine the cost of goods sold to be shown on the income statement fo the Langley Corporation for the month of September 2006.
Finished goods, Sept. 1 2006 $64,820
Finished goods, Sept. 30 2006 $71,420
Cost of Good Manufactured $197,720
Loss on Reduction of Inventory to Market $4,870
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