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Smith corp purchased $40,000 of RM during the current accounting period. Smith incurred $60,000 of DL and $38,000 of MFG overhead. Assume combined inventory for
Smith corp purchased $40,000 of RM during the current accounting period. Smith incurred $60,000 of DL and $38,000 of MFG overhead. Assume combined inventory for RM, WIP and FG increased by $3,800. What is COGS?
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