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Kennedy Manufacturing Company reported the following year-end information: beginning work in process inventory, $270,000; cost...

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Accounting

Kennedy Manufacturing Company reported the following year-end information: beginning work in process inventory, $270,000; cost of goods manufactured, $1,074,000; beginning finished goods inventory, $380,000; ending work in process inventory, $330,000; and ending finished goods inventory, $409,000. Kennedy Manufacturing Company's cost of goods sold for the year is: (Answer: $1,045,000)

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