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Consider Derek's budget information: Materials to be used total $63,300; direct labor totals $200,600; factory overhead totals $404,800; work in process inventory on January 1
Consider Derek's budget information: Materials to be used total $63,300; direct labor totals $200,600; factory overhead totals $404,800; work in process inventory on January 1 is $187,000; and work in progress inventory on December 31 is $193,600. The budgeted cost of goods manufactured for the year is
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