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Assume the Following Information for Knight Ltd

question 12

Multiple Choice

Assume the following information for Knight Ltd. for the year ended December 31, 2011: Sales
£2,250
Cost of goods manufactured for the year
1,350
Beginning finished goods inventory
450
Ending finished goods inventory
495
Selling and administrative expenses
300
What is the cost of goods sold for the year ended December 31, 2011?


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