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Cost of Goods Manufactured Calculation: Calculate the cost of goods manufactured for a manufacturing company, ABC Inc., using the following information: Direct Materials Used: $50,000
Cost of Goods Manufactured Calculation: Calculate the cost of goods manufactured for a manufacturing company, ABC Inc., using the following information:
- Direct Materials Used: $50,000
- Direct Labor: $30,000
- Factory Overhead: $20,000
- Beginning Work in Process Inventory: $10,000
- Ending Work in Process Inventory: $15,000
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