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The following events took place at a manufacturing company for the current year: (1) Purchased $115,000 in direct materials. (2) Incurred labor costs as follows:
The following events took place at a manufacturing company for the current year: (1) Purchased $115,000 in direct materials. (2) Incurred labor costs as follows: (a) direct, $76,000 and (b) indirect, $33,600. (3) Other manufacturing overhead was $127,000, excluding indirect labor. (4) Transferred 75% of the materials to the manufacturing assembly line. (5) Completed 60% of the Work-in-process during the year. (6) Sold 80% of the completed goods. (7) There were no beginning inventories. What is the company's Cost of Goods Sold? $258,280.00. $154,968.00. (0) $322,850.00. O $193,710.00
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