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Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: B. (Click the icon to view account
Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: B. (Click the icon to view account balances.) (Click the icon to view other information.) - X Data Table First, compute cost of goods manufactured. Balances: Schedule of Cost of Goods Manufactured Direct Materials Beginning Ending $ 27,000 $ 28,000 40,000 32,000 Direct Materials Used: Work-in-Process Inventory Finished Goods Inventory 18,000 25,000 Print Done Direct Materials Used i Data Table Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Other information: Purchases of direct materials $ 73,000 Cost of Goods Manufactured 88,000 Direct labor Manufacturing overhead 43,000 Print Done
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