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What is the cost of goods sold? Direct Labor incurred $61,000 Manufacturing Overhead Incurred 176,500 Direct Materials Used 154,000 Finished Goods Inventory, Jan 1 198,000

What is the cost of goods sold?

Direct Labor incurred $61,000

Manufacturing Overhead Incurred 176,500

Direct Materials Used 154,000

Finished Goods Inventory, Jan 1 198,000

Finished Goods Inventory, Dec. 31 98,500

Work-in-Process Inventory Jan 1 222,000

Work-in-Process Inventory Dec. 31 109,000

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