Compute Cost of Goods Manufactured (Learning Objective 5) Smith Manufacturing found the following information in their accounting
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Compute Cost of Goods Manufactured (Learning Objective 5)
Smith Manufacturing found the following information in their accounting records: \(\$ 524,000\) of direct materials used, \(\$ 223,000\) of direct labor, and \(\$ 742,000\) of manufacturing overhead. The Work in Process Inventory account had a beginning balance of \(\$ 76,000\) and an ending balance of \(\$ 85,000\). Compute the company's Cost of Goods Manufactured.
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