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Nashville Co. provided the following information for the year ended December 31, 20Y1: Work-in-process inventory - beginning balance $580,000 Work-in-process inventory - ending balance $490,000
Nashville Co. provided the following information for the year ended December 31, 20Y1:
Work-in-process inventory - beginning balance | $580,000 |
Work-in-process inventory - ending balance | $490,000 |
Direct material placed in production | $95,000 |
Selling expenses | $80,000 |
General and administrative expenses | $265,000 |
Direct labor used in production | $150,000 |
Manufacturing overhead | $570,000 |
Compute the costs of goods manufactured during the year ended December 31, 20Y1.
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