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Use the information below to prepare a Cost of Goods Manufactured Schedule: Beginning work in process - $35,000 Raw material purchases - $550,000 Direct labor

Use the information below to prepare a Cost of Goods Manufactured Schedule:

Beginning work in process - $35,000

Raw material purchases - $550,000

Direct labor - $400,000

Beginning raw materials inventory - $100,000

Ending raw materials inventory - $125,000

Manufacturing overhead - $140,000

Ending work in process - $50,000

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