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Taft Company had no beginning work in process inventory. Its total manufacturing costs for the year were $876,000. If cost of goods manufactured was $675,000
Taft Company had no beginning work in process inventory. Its total manufacturing costs for the year were $876,000. If cost of goods manufactured was $675,000 and cost of goods sold was $516,500, the amount of ending work in process inventory would have been:
$158,500.
$717,500.
$359,500.
$201,000.
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