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Taft Company had no beginning work in process inventory. Its total manufacturing costs for the year were $870,000. If cost of goods manufactured was $672,000
Taft Company had no beginning work in process inventory. Its total manufacturing costs for the year were $870,000. If cost of goods manufactured was $672,000 and cost of goods sold was $512,000, the amount of ending work in process inventory would have been:
$198,000.
$710,000.
$358,000.
$160,000.
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