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company abc icurred the following costs during 2020: direct material purchases $200,000 direct labor used 220,000 indirect manufacturing costs 330,000 the balance of the abc
company abc icurred the following costs during 2020:
direct material purchases $200,000
direct labor used 220,000
indirect manufacturing costs 330,000
the balance of the abc inventory account for 2020 was as follows:
1-1-2020 12-31-2020
direct materials. $55,000 $65,000
items in process. 96,000 80,000
finished items. 50,000 85,000
how much was the cost of goods manufactured in 2020?
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