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1. ABC Company had the following data: Cost of materials used $87,000 Direct labor costs 25,000 Factory overhead 13,500 Work in process inventory, beginning 47,000

1. ABC Company had the following data:

Cost of materials used $87,000

Direct labor costs 25,000

Factory overhead 13,500

Work in process inventory, beginning 47,000

Work in process inventory, ending 48,700

Determine the cost of goods manufactured.

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