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Exercise N2 A company producing a single product X has the following cost data: Beginning Ending inventory (SAR) inventory(SAR) 100.000 60.000 Direct materials Direct labor Indirect manufacturing costs Work in process Finished goods During 2018 (SAR) 360.000 211.000 389.000 60.000 20.000 70.000 30.000 1 Accounting topics in English (2) Dr. Ins Kateb Required: 1) How much direct materials were used? 2) What are the conversion costs? 3) What are the total manufacturing costs incurred? 4) What is the cost of goods manufactured? 5) What is the cost of goods sold? 6) Represent The General Ledger T - Accounts for Flow of Costs The Income Statement for the year ended December 31,2018Step by Step Solution
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