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A company has beginning work in process of $74,000. Manufacturing overhead is applied at 50% of prime cost (material and labor). Ending work in process
A company has beginning work in process of $74,000. Manufacturing overhead is applied at 50% of prime cost (material and labor). Ending work in process is $90,000, and cost of goods manufactured is $1,244,000. What amount of prime cost was placed in process during the period?
$1,260,000 |
$1,228,000. |
$840,000. |
$630,000. |
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