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The Geneva company showed the following balance at the end of the year: direct material used in production =110000 direct labor costs for the year
The Geneva company showed the following balance at the end of the year:
direct material used in production =110000
direct labor costs for the year =55000
work in process beginning =22000
finished goods beginning =45000
cost of goods available for sale =288000
COGS =238000
work in process ending =16000
a) what was the balance of the finished goods inventory at the end of the year?
b) what was the manufacturing overhead cost for the year?
c_) what was the cost of goods manufactured for the year?
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