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Prepare a schedule of cost of goods manufactured for a manufacturing company based on the following information: Beginning work in process inventory $10,000, Direct materials
Prepare a schedule of cost of goods manufactured for a manufacturing company based on the following information: Beginning work in process inventory $10,000, Direct materials used $50,000, Direct labor $40,000, Manufacturing overhead $30,000, Ending work in process inventory $15,000. Additionally, analyze how changes in work in process inventory levels can impact the cost of goods manufactured and the company's overall production efficiency and profitability.
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