Bravo Company’s January 1, 2016 finished goods inventory was $100,000. The January 1, 2017 finished goods inventory is $60,000
Bravo Company’s January 1, 2016 finished goods inventory was
$100,000. The January 1, 2017 finished goods inventory is $60,000. Cost of goods manufactured for the FY 2016 was $250,000. Use this information to determine the dollar amount of the FY 2016 cost of goods sold. (Round dollar values & enter as whole dollars only.)
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