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undefined Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $5,120 Direct materials used 250,900 Work in
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Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $5,120 Direct materials used 250,900 Work in process (1/1/2020) 31,500 Work in process (12/31/2020) 25,400 Finished goods (1/1/2020) 35,900 Finished goods (12/31/2020) 29,100 Factory utilities 41,100 Depreciation, factory equipment 34,900 Direct labour 300,400 Indirect materials 22,300 Factory manager's salary 63,900 Selling and administrative expenses 347,500 Net sales 1,231,000 Factory machinery rent 42,700 Prepare a cost of goods manufactured schedule for 2020. Axteks Corporation Cost of Goods Manufactured Year Ended December 31, 2020 $Step by Step Solution
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