cost of goods
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Free InquiryBelow are data from the income statement of Brown, Inc:
Beginning inventory, finished goods $16,000
Ending inventory, finished goods 21,000
Cost of goods sold 43,000
Gross margin from sales 39,000
Operating expenses – marketing and selling 20,000
Net income 19,000
What was Brown’s cost of goods manufactured?
A.$37,000
B.$38,000
C.$48,000
D.$50,000
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