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Assume the follow information from a schedule of cost of goods manufactured: Beginning work in process inventory $30,000 Direct materials used in production $50,000 Manufacturing
Assume the follow information from a schedule of cost of goods manufactured: Beginning work in process inventory $30,000 Direct materials used in production $50,000 Manufacturing overhead applied to work in process $90,000 Total manufacturing costs to account for $218,000 Ending work in process inventory $72,000. What is the direct labor cost? $68,000 $48,000 $120,000 $72,000
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