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Hello, I am having trouble coming to the correct calculations for a statement of cost of goods. The numbers highlighted in yellow are incorrect. If
Hello, I am having trouble coming to the correct calculations for a statement of cost of goods. The numbers highlighted in yellow are incorrect. If anybody could provide an explanation on how to arrive at the right calculations Id greatly appreciate it Thank you. The information for the cost of goods statement is provided below:
Materials purchased: $
o Consumed of the purchased materials
Direct labor: $
Overhead costs: $
Note: Assume that the beginning materials and ending work in process are zero for the month.
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