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During the current year, Jules Company incurred the following product costs: Direct materials used in production $262,000; Direct labor $128,250; and Manufacturing overhead $191,500. Jules
During the current year, Jules Company incurred the following product costs: Direct materials used in production $262,000; Direct labor $128,250; and Manufacturing overhead $191,500. Jules Company's beginning Work in Process Inventory was $21,000 and its ending Work in Process Inventory amounted to $30,500. What is the company's cost of finished goods manufactured for the year? a. $319,750 b. $602,750 c. $572,250 d. $591,250
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