The following information pertains to the Cannady Corporation:   Beginning work-in-process inventory $ 50,000   Ending work-in-process inventory 48,000   Beginning finished goods inventory 180,000   Ending finished goods inventory 195,000   Cost of goods manufactured 1,220,000   What is the cost of goods sold?   a. $1,235,000   b. $1,205,000   c. $1,218,000   d. $1,222,000

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