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Alibaba Group Holding Limited has beginning work in process inventory of $100,000 and ending work in process inventory of $150,000. During the period, direct materials
Alibaba Group Holding Limited has beginning work in process inventory of $100,000 and ending work in process inventory of $150,000. During the period, direct materials used were $400,000, direct labor cost was $300,000, and manufacturing overhead incurred was $200,000. Calculate: a) The cost of goods manufactured. b) The total manufacturing costs incurred. c) The cost of goods sold. d) The gross profit.
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