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Consider the following information for a manufacturing company for the month of March: Direct materials purchased: $90,000 Direct labor: $60,000 Manufacturing overhead: $50,000 Beginning finished
Consider the following information for a manufacturing company for the month of March:
- Direct materials purchased: $90,000
- Direct labor: $60,000
- Manufacturing overhead: $50,000
- Beginning finished goods inventory: 2,000 units
- Ending finished goods inventory: 1,500 units
Calculate the cost of goods sold during the month.
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