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Taylor & Edwards Inc. manufactures televisions. Last month, direct materials (electronic components, etc.) costing $550,000 were put into production. Direct labor of $880,000 was
Taylor & Edwards Inc. manufactures televisions. Last month, direct materials (electronic components, etc.) costing $550,000 were put into production. Direct labor of $880,000 was incurred, manufacturing overhead equaled $495,000, and selling and administrative costs totaled $396,000. The company manufactured 8,400 televisions during the month. Assume that there were no beginning or ending work-in-process balances. What was the amount of cost of goods manufactured during the month? a. $1,925,000 Ob. $1,300,000 c. $2,110,000 Od. $1,250,000
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