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During its first year of operations, a company that incurred $1,600 in production costs reported...

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Accounting

During its first year of operations, a company that incurred $1,600 in production costs reported cost of goods sold of $970 and selling costs of $270. The company's ending finished goods inventory was $630. True or False True False
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During its first year of operations, a company that incurred $1,600 in production costs reported cost of goods sold of $970 and selling costs of $270. The company's ending finished goods inventory was $630. True or False

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