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Mad Company's beginning and ending inventories for the month of November were as follows: Production data for month follow: Mad applies manufacturing overhead cost to
Mad Company's beginning and ending inventories for the month of November were
as follows:
Production data for month follow:
Mad applies manufacturing overhead cost to jobs at the rate of of direct labor
cost incurred. The company does not close under or overapplied manufacturing
overhead to Cost of Goods Sold until the end of the year.
Mad Company's cost of goods manufactured for November was:
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