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The Juarez Corporation incurred the following transactions during its first year of operations. (Assume all transactions involve cash). 1) Acquired $1,100 of capital from

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The Juarez Corporation incurred the following transactions during its first year of operations. (Assume all transactions involve cash). 1) Acquired $1,100 of capital from the owners. 2) Purchased $310 of direct raw materials. 3) Used $210 of these direct raw materials in the production process. 4) Paid production workers $410 cash. 5) Paid $210 for manufacturing overhead (applied and actual overhead are the same). 6) Started and completed 200 units of inventory. 7) Sold 60 units at a price of $6 each. 8) Paid $50 for selling and administrative expenses. The amount of cost of goods manufactured would be: Multiple Choice $830. $730.

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