Solved: The ending inventories of work in process and finished, Accounting Basics

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The ending inventories of work in process and finished

For 2016, the gross margin of Clayton Company is $264,000; the cost of goods manufactured is $935,000; the beginning inventories of work in process and finished goods are $77,000 and $123,750, respectively; and the ending inventories of work in process and finished goods are $104,500 and 143,000, respectively. What is the total revenue of Clayton Company for 2016?

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