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Please attempt to solve the following problem: Smith Corp has COGS = $132,800. Smith during the accounting period purchased $61,500 of RM. Direct labor incurred
Please attempt to solve the following problem: Smith Corp has COGS = $132,800. Smith during the accounting period purchased $61,500 of RM. Direct labor incurred = $45,000. Overhead incurred = $27,600. There was no change in either RM or WIP inventory during the accounting period. Ending FG inventory = $40,200. What was beginning FG inventory
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