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1. On a schedule of cost of goods manufactured: a. Cost of goods manufactured is calculated by adding the beginning work in process inventory to

1. On a schedule of cost of goods manufactured:

a. Cost of goods manufactured is calculated by adding the beginning work in process inventory to total manufacturing costs and subtracting the ending work in process inventory balance

b. Beginning raw materials inventory plus direct labor plus factory overhead yields total manufacturing costs.

c. All of the above are correct.

d. Cost of goods manufactured and total manufacturing costs are always the same.

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