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Based on the following, calculate the Cost of Goods Manufactured. (You must show and label your work for credit.) Direct Labor Incurred $12,000 Manufacturing Overhead
Based on the following, calculate the Cost of Goods Manufactured. (You must show and label your work for credit.)
| Direct Labor Incurred | $12,000 |
| Manufacturing Overhead | $87,200 |
| Direct Materials Used | $110,000 |
| Finished Goods Inventory, 1/1/2019 | $152,000 |
| Finished Goods Inventory, 12/31/2019 | $166,000 |
| Work-in-Process Inventory, 1/1/2019 | $71,000 |
| Work-in-Process Inventory, 12/31/2019 | $92,000 |
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Authors: Dr. Patience Ote Ola
1st Edition
6200479496, 978-6200479495
