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Consider the following information for a manufacturing company for the month of October: Direct materials purchased: $70,000 Direct labor: $40,000 Manufacturing overhead: $30,000 Beginning finished

Consider the following information for a manufacturing company for the month of October:

  • Direct materials purchased: $70,000
  • Direct labor: $40,000
  • Manufacturing overhead: $30,000
  • Beginning finished goods inventory: 1,200 units
  • Ending finished goods inventory: 900 units

Calculate the cost of goods sold during the month.

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