Question
Khaled Company reported the following year-end information: Beginning work in process inventory $ 0 Beginning raw materials inventory 24,000 Ending work in process inventory 4000
Khaled Company reported the following year-end information:
| Beginning work in process inventory | $ 0 |
| Beginning raw materials inventory | 24,000 |
| Ending work in process inventory | 4000 |
| Ending raw materials inventory | 20,000 |
| Raw materials purchased | 830,000 |
| Direct labor | 240,000 |
| Manufacturing overhead | 100,000 |
How much is Khaleds cost of goods manufactured for the year?
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Financial Accounting with IFRS Fold Out Primer
Authors: John Wild
5th edition
978-0077413804
