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Suppose a bakery reports this information: Beginning Raw Materials Inventory $5,000 Ending Raw Materials Inventory 4,000 Beginning Work-in-Process Inventory 4,000 Ending Work-in-Process Inventory 3,000 Beginning
Suppose a bakery reports this information:
| Beginning Raw Materials Inventory | $5,000 |
| Ending Raw Materials Inventory | 4,000 |
| Beginning Work-in-Process Inventory | 4,000 |
| Ending Work-in-Process Inventory | 3,000 |
| Beginning Finished Goods Inventory | 3,000 |
| Ending Finished Goods Inventory | 5,000 |
| Direct Labor | 31,000 |
| Purchases of Raw Materials | 101,000 |
| Manufacturing Overhead | 18,000 |
What is the cost of goods manufactured?
A.$ 150,000B.$ 149,000C.$ 174,000D.$ 152,000
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
