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Ford Motor Company Utilizing the provided data in the table below, calculate the cost of goods manufactured (CGM) for Ford Motor Company for the year

  • Ford Motor Company Utilizing the provided data in the table below, calculate the cost of goods manufactured (CGM) for Ford Motor Company for the year 2023.

Item

Amount ($)

Direct materials used

$3,500,000

Direct labor costs

$2,200,000

Manufacturing overhead

$1,800,000

Beginning work in process

$1,000,000

Ending work in process

$1,200,000

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