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104. Dolan Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec 31, 2019 Raw materials inventory $310,000 $260,000 Work in process inventory 300,000
104. Dolan Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec 31, 2019 Raw materials inventory $310,000 $260,000 Work in process inventory 300,000 160,000 Finished goods inventory 190,000 150,000 During 2020, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. If Dolan Company's cost of goods manufactured for 2020 amounted to $1,890,000, its cost of goods sold for the year is a. $2,000,000 b. $1,750,000. c. $1,850,000 d. $1.930,000 Ans: , LO:3, Bloom: AP. Difficulty: Hard, Min: 3. MACSB: Analytic, AICPA BB: Industry Sector, AICPA FN: Measurement. AICPA PC: Problem Solving IMA Business Economics X Home | Chegg.com x + lus.com/courses/44220/assignments/5089889 Question 1 View Policies Current Attempt in Progress The Assembly Department shows the following information: Units it 20800 Beginning Work in Process Ending Work in Process Units Transferred Out 65300 31500 How many total units are to be accounted for by the Assembly Department? 76000 65300 96800. v 86100 Saver
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