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During the month of May, Jacobs Company used $30,000 of direct materials and incurred $40,000 of direct labor cost. Jacob applied overhead to products in

During the month of May, Jacobs Company used $30,000 of direct materials

and incurred $40,000 of direct labor cost. Jacob applied overhead to products

in the amount of $20,000. If the cost of goods manufactured was $95,000 and

the ending work in process balance was $15,000, thebeginning work in process

must have been equal to:

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