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The following events took place at a manufacturing company for the current year: (1) Purchased $111.000 in direct materials. (2) incurred labor costs as follows:
The following events took place at a manufacturing company for the current year: (1) Purchased $111.000 in direct materials. (2) incurred labor costs as follows: (a) direct. $72,000 and (b) indirect, $29,600, (3) Other manufacturing overhead was $120,000, excluding indirect labor. (4) Transferred 80% of the materials to the manufacturing assembly line. (5) Completed 65% of the Work-in-Process during the year. (6) Sold 85% of the completed goods. (7) There were no beginning inventories. What is the company's Cost of Goods Sold? Multiple Choice $263,840.00 $201.760.00 $310,400.00 $171,496.00
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