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LO6. How are cost of goods manufactured and cost of goods sold calculated? ABC Company has the following information: Beginning Work-in-Process Inventory $12,000 Ending Work-in-Process

LO6. How are cost of goods manufactured and cost of goods sold calculated? ABC Company has the following information: Beginning Work-in-Process Inventory $12,000 Ending Work-in-Process Inventory Direct materials used $18,000 $125,000 Direct labor incurred $86,000 Manufacturing overhead allocated $50,000 What is the cost of goods manufactured

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