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Calculate the cost of goods manufactured using the following information: Direct materials $ 299,000 Direct labor 132,500 Factory overhead costs 264,500 General and administrative expenses
Calculate the cost of goods manufactured using the following information:
Direct materials | $ | 299,000 | |
Direct labor | 132,500 | ||
Factory overhead costs | 264,500 | ||
General and administrative expenses | 86,000 | ||
Selling expenses | 49,300 | ||
Work in Process inventory, January 1 | 119,000 | ||
Work in Process inventory, December 31 | 126,400 | ||
Finished goods inventory, January 1 | 232,600 | ||
Finished goods inventory, December 31 | 239,200 | ||
Multiple Choice
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$688,600.
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$703,400.
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$696,000.
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$774,600.
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$682,000.
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