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Can you please provide step by step solutions for further understanding? Thank you! Stephenson Company's computer system recently crashed, erasing much of the company's financial
Can you please provide step by step solutions for further understanding?
Thank you!
Stephenson Company's computer system recently crashed, erasing much of the company's financial data. The following accounting information was discovered soon afterwards on the CFO's back-up computer data. Cost of Goods Sold Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending Selling and Administrative Expense Finished Goods Inventory, Ending Finished Goods Inventory, Beginning Direct Materials Purchased Factory Overhead Applied Operating Income Direct Materials Inventory, Beginning Direct Materials Inventory, Ending Cost of Goods Manufactured Direct Labor $380,000 30,000 40,000 50,000 15,000 ? 171,000 112,000 22,000 18,000 6,000 340,000 55,000 The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end. What should be the amount of total manufacturing cost? Multiple Choice $350,000 $380,000. $340,000. $395,000Step by Step Solution
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