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BMW incurs a total manufacturing cost of $90,000,000. The beginning work in process inventory is $10,000,000, and the ending work in process inventory is $12,000,000.

BMW incurs a total manufacturing cost of $90,000,000. The beginning work in process inventory is $10,000,000, and the ending work in process inventory is $12,000,000. Calculate the total cost of goods manufactured for BMW. Prepare the balance sheet after the formation of the partnership.

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