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Cost of goods manufactured is calculated as follows: Direct materials used + direct labor + manufacturing overhead - ending WIP - beginning WIP. Beginning WIP

Cost of goods manufactured is calculated as follows:

Direct materials used + direct labor + manufacturing overhead - ending WIP - beginning WIP.

Beginning WIP + direct materials used + direct labor + manufacturing overhead - ending WIP.

Beginning WIP + direct materials used + direct labor + manufacturing overhead + ending WIP.

Direct materials used + direct labor + manufacturing overhead - beginning WIP + ending WIP.

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Recommended Textbook for

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123968

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