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Posted on Jul 28, 2024

Direct labor costs incurred = Cost of goods manufactured + Ending Work in Process Inventory Beginning Work in Process Inventory + Direct Material Can someone

Direct labor costs incurred $=$ Cost of goods manufactured $+$ Ending Work in Process Inventory Beginning Work in Process Inventory $+$ Direct Material

Can someone please explain how the equation works. How do you calculate direct labor by adding and subtracting values that contain either labor and material $($ WIP $)$ or just material amounts?

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