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Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: (Click the icon to view account
Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: (Click the icon to view account balances.) (Click the icon to view other information.) First, compute cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct Materials Used: Direct Materials Used Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured i Data Table - Balances: Beginning Ending Direct Materials $ 29,000 $ 33,000 Work-in-Process Inventory Finished Goods Inventory Data Table 37,000 36,000 17,000 - 20,000 X Other information: Purchases of direct materials 77,000 Direct labor 85,000 Manufacturing overhead 40,000 Print Done
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