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Inventory Cost Formula for Inventory: Beginning Inventory + Costs Added - Costs Transferred out = Ending Inventory Raw Materials Manufacturing Supplies Office Supplies Work in

image text in transcribed Inventory Cost Formula for Inventory: Beginning Inventory + Costs Added - Costs Transferred out = Ending Inventory Raw Materials Manufacturing Supplies Office Supplies Work in Process Finished Goods Other Accounts needed: Cost of Goods Sold, Cash, Accumulated Depreciation, Period Costs, Overhead and Revenue

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