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Olde Tyme Beverage Companys operating activities for the year are listed below. ...

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Accounting

Olde Tyme Beverage Companys operating activities for the year are listed below.

Cost of Goods Manufactured $132,000
Operating expenses 80,000
Beginning inventory, FG 16,000
Ending inventory, FG 12,000
Sales revenue 275,000

What is the cost of goods sold for the year?

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