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Given the following information, determine the cost of goods manufactured. Direct Labor Incurred $60,000 Manufacturing Overhead Incurred 174,500 Direct Materials Used 154,000 Finished Goods
Given the following information, determine the cost of goods manufactured. Direct Labor Incurred $60,000 Manufacturing Overhead Incurred 174,500 Direct Materials Used 154,000 Finished Goods Inventory, Jan. 1 199,000 Finished Goods Inventory, Dec. 31 97,000 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 221,500 109,000 OA. $187,000 B. $501,000 n C. $388,500 D. $279,500
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
