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Given the following, calculate cost of goods manufactured: Inventories: Beginning Ending Direct materials $300 $250 Work in process $400 $200 Finished goods $500 $350 Direct
Given the following, calculate cost of goods manufactured:
Inventories: | Beginning | Ending |
Direct materials | $300 | $250 |
Work in process | $400 | $200 |
Finished goods | $500 | $350 |
Direct material purchases $4,200
Direct labor $3,000
Manufacturing overhead $5,000
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