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The following information is available for Marx, Inc. for the fiscal year ending December 31, 2017: Beginning balance in Work in Process Inventory $160,000 Ending
The following information is available for Marx, Inc. for the fiscal year ending December 31, 2017:
Beginning balance in Work in Process Inventory $160,000
Ending balance in Work in Process Inventory 330,000
Beginning balance in Finished Goods Inventory 460,000
Ending balance in Finished Goods Inventory 390,000
Direct material cost 2,700,000
Direct labor cost 3,480,000
Manufacturing overhead 1,700,000
Selling and administrative expenses 1,330,000
Sales 8,920,000
Prepare a schedule of cost of goods manufactured
Marx, Inc. Schedule of Cost of Goods Manufactured LINK TO TEXTStep by Step Solution
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