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A manufacturing company reports the following items: Work in process inventory, beginning balance: $1000 Work in process inventory, ending balance: $3000 Direct materials: $5,000 Direct

A manufacturing company reports the following items:

Work in process inventory, beginning balance: $1000

Work in process inventory, ending balance: $3000

Direct materials: $5,000

Direct labor: $7,000

Factory overhead: $4,000

The cost of goods manufactured is $

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