Shea Company reported raw material purchases of ($1,400,) paid ($1,200) in factory labor, and incurred and applied

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Shea Company reported raw material purchases of \($1,400,\) paid \($1,200\) in factory labor, and incurred and applied \($900\) in factory overhead for March. The March 1 inventory balances were \($200\) for raw materials, \($600\) for work-in-process inventory, and \($400\) for finished goods inventory. On March 31, inventory balances were \($300\) for raw materials, \($500\) for work-in-process inventory, and \($600\) for finished goods inventory. What was Shea's cost of goods manufactured for March?

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Financial & Managerial Accounting For Undergraduates

ISBN: 9781618533104

2nd Edition

Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews

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