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Given the following data:
Cost of materials used $45,000
Direct labor costs 48,000
Factory overhead 39,000
Work in process,beginning 28,000
Work in process,ending 18,000
Finished goods,beginning 28,000
Finished goods,ending 18,000
What is cost of goods sold?
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The state of yielding financial gain or benefit, where the income generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.
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