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During the month of January, Cassidy Manufacturers incurred $20,000, $40,000 and $50,000 of direct material, direct labor and manufacturing overhead costs respectively. If the cost
During the month of January, Cassidy Manufacturers incurred $20,000, $40,000 and $50,000 of direct material, direct labor and manufacturing overhead costs respectively.
If the cost of goods manufactured was $70,000 and the ending work in process inventory was $60,000, the beginning inventory of work in process must have been:
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