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A manufacturer operates on a job costing basis ( i . e . only ONE Work in Process - WIP - Account and all costs
A manufacturer operates on a job costing basis ie only ONE Work in Process WIP Account and all costs are traceable
The company has recorded the following for a single month of production:
Raw Materials Opening Balance: $ Purchases $ and has a Closing Balance of $
WIP Information: Conversion costs incurred this period include: Opening balance of WIP was $ DL $ and OHDs $ and the closing balance of WIP was $
Finished Goods information: Opening Balance of FG was $ and the closing balance was $
Required: Trace all costs through to calculate the Cost of Goods Manufactured this month
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