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2-40. Prepare Statements for a Manufacturing Company The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the month amount to
2-40. Prepare Statements for a Manufacturing Company The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the month amount to $525,000 and the cost of goods sold for the month was $1,436,000. Required Find the following by completing a cost of goods sold statement. a. Cost of direct materials purchased during March. b. Cost of goods manufactured for March. c. Total manufacturing costs incurred for March
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