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Texas Plating Company reported a cost of goods manufactured of $522,000, with the firm's year-end balance sheet revealing work in process and finished goods of
Texas Plating Company reported a cost of goods manufactured of $522,000, with the firm's year-end balance sheet revealing work in process and finished goods of $75,000 and $139,000, respectively. If supplemental information disclosed raw materials used in production of $86,000, direct labor of $143,000, and manufacturing overhead of $245,000, the company's beginning work in process must have been
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