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Use the following information for a manufacturers to compute cost of goods manufactured and cost of goods sold: (Click the icon to view the information.)
Use the following information for a manufacturers to compute cost of goods manufactured and cost of goods sold: (Click the icon to view the information.) Firstcompute cost of goods manufactured. Schedule of cost of Goods Manufactured O O Data Table Direct Materials Used: Balances: Ending Beginning $ 24,000 Direct Materials $ 34,000 39000 27,000 Work-in-process inventory Finished Goods Inventory 13,000 27,000 Direct Materials used Other information: Purchases of direct materials 75,000 Direct labor 85,000 Total Manufacturing costs incurred during the Year Manufacturing overhead 46,000 Total Manufacturing costs to account for Print Done Cost of Goods Manufactured Now compute cost of goods sold
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