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Company: Visa Inc. Prepare a manufacturing cost statement for Visa Inc. for the month of July, using the following data: direct materials used $40,000, direct

Company: Visa Inc. Prepare a manufacturing cost statement for Visa Inc. for the month of July, using the following data: direct materials used $40,000, direct labor $25,000, manufacturing overhead $15,000, beginning work in process inventory $10,000, and ending work in process inventory $5,000.

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