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The accounting records of XYZ Company revealed the following information: Direct materials $450,000 Direct labor 115,000 Manufacturing overhead 265,000 Work-in-process inventory, 1/1 25,000 Finished-goods inventory,
The accounting records of XYZ Company revealed the following information: Direct materials $450,000 Direct labor 115,000 Manufacturing overhead 265,000 Work-in-process inventory, 1/1 25,000 Finished-goods inventory, 1/1 220,000 Work-in-process inventory, 12/31 26,000 25,000 Finished-goods inventory, 12/31 By ABC's Prime Cost is: Select one: a. $565,000 b. $715.000 c. $380.000 d. $830,000
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