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Gulf Coast Co., a manufacturer, had the following beginning and ending inventories at the end of its current year: Beginning Ending Raw materials... $22,000 $30,000

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Gulf Coast Co., a manufacturer, had the following beginning and ending inventories at the end of its current year: Beginning Ending Raw materials... $22,000 $30,000 Work in process... $40,000 $48,000 Finished goods.. $25,000 $18,000 During the year, the following transactions occurred: Raw materials purchased.. Direct labor cost..... Indirect factory labor... Property taxes and depreciation on factory building.... Property taxes and depreciation on salesroom and office (shared on a 50%- 50% basis) $15,000 $300,000 $130,000 $60,000 $20,000 Utilities in the factory... Indirect materials issued to factory. Sales salaries.... Office salaries..... Sales on account. $30,000 $42,000 $40,000 $24,000 $735,000 REQUIRED: Provide supporting schedules and computations for every answer Current cost of manufacturing. (B) Cost of goods manufactured. (A)S (C) Cost of goods sold (D)S Gross profit

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