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The WIP Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. The cost of jobs transferred
The WIP Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. The cost of jobs transferred to finished goods is:
Beginning WIP 4900
Direct Materials 47,500
Direct Labor 30,000
Applied OH 16,200
Total Mfg. costs 98,600
To finished goods
Ending WIP 9,700
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