During FY 2016, Bravo Manufacturing had a beginning finished goods inventory of $250 & ending finished goods inventory of $1,000.
Work-in-process decreased by $500 during FY 2016 and factory overhead was $2,000.
The total manufacturing costs amounted to $48,000.
Use this information to determine the FY 2016 dollar amount of: (Round dollar values & enter as whole dollars only.)
1. Cost of Goods Manufactured
2. Cost of Goods Sold
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