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Cost of Goods Manufactured Calculation: Calculate the cost of goods manufactured for a manufacturing company using the following information: Direct Materials Used: $50,000 Direct Labor:

Cost of Goods Manufactured Calculation: Calculate the cost of goods manufactured for a manufacturing company using the following information:

  • Direct Materials Used: $50,000
  • Direct Labor: $30,000
  • Manufacturing Overhead: $20,000
  • Beginning Work in Process Inventory: $10,000
  • Ending Work in Process Inventory: $15,000

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