Compute cost of goods sold for year 2011 using the following information. 1 answer below »

Compute cost of goods sold for year 2011 using the following information.

Finished goods inventory, Dec. 31, 2010

$321,500

Goods in process inventory, Dec. 31, 2010

74,550

Goods in process inventory, Dec. 31, 2011

81,200

Cost of goods manufactured, year 2011

972,345

Finished goods inventory, Dec. 31, 2011

297,200

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