Question
Lompac Products manufactures a variety of products in its factory. Data for the most recent months operations appear below: Beginning raw materials inventory ........................ $60,000
Lompac Products manufactures a variety of products in its factory. Data for the most recent months operations appear below: Beginning raw materials inventory ........................ $60,000 Purchases of raw materials .................................. $690,000 Ending raw materials inventory ............................ $45,000 Direct labor ........................................................... $135,000 Manufacturing overhead ....................................... $370,000 Beginning work in process inventory .................... $120,000 Ending work in process inventory ......................... $130,000 Required: Prepare a schedule of cost of goods manufactured for the company for the month
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