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Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue SeaBlue Sea Company for the most recent year using the amounts described
Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue SeaBlue Sea Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials.
Data Table End of Year $ 8,000 Beginning End of of Year Year Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor Indirect labor $ 24,000 $ 32,000 Insurance on plant 40,000$ 30,000 Depreciation-plant building and equipment ..13,000 $ 22,000 $ 29,000 Repairs and maintenance-plant $ 76,000 Marketing expenses $ 81,000 General and administrative expenses $ 46,000 $ 4,200 , 77,000 S 24,500 ' Print Done Step by Step Solution
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