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HP Inc. incurs total manufacturing costs of $50,000,000. The beginning work in process inventory is $5,000,000, and the ending work in process inventory is $6,000,000.

HP Inc. incurs total manufacturing costs of $50,000,000. The beginning work in process inventory is $5,000,000, and the ending work in process inventory is $6,000,000. Calculate the total cost of goods manufactured for HP Inc. Prepare the balance sheet after the formation of the partnership.

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