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The EcoPulse Electronics company manufactures electronic components. Given the following cost data for the fiscal year 2023, calculate the cost of goods manufactured (COGM), including
The “EcoPulse Electronics” company manufactures electronic components. Given the following cost data for the fiscal year 2023, calculate the cost of goods manufactured (COGM), including direct materials, direct labor, and factory overhead:
Direct Materials Used: $250,000
Direct Labor: $150,000
Factory Overhead: $100,000
Beginning Work in Process Inventory: $30,000
Ending Work in Process Inventory: $20,000
Indirect Labor: $20,000
Factory Utilities: $15,000
Depreciation on Factory Equipment: $25,000
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