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whats the answer 12 Managerial Accounting T223 urses / ACC702_0223 / Week 4 Responsibility Accounting, Management Control and Planning (Budgeting Time left 0:48:04 A manufacturer
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12 Managerial Accounting T223 urses / ACC702_0223 / Week 4 Responsibility Accounting, Management Control and Planning (Budgeting Time left 0:48:04 A manufacturer operates on a job costing basis (i.e. only ONE Work in Process - WIP - Account and all costs are traceable) The company has recorded the following for a single month of production: Raw Materials - Opening Balance: \$17226, Purchases $75024 and has a Closing Balance of $16395 WIP Information: Conversion costs incurred this period include: Opening balance of WIP was \$51121, DL \$21018 and OHDs \$43079 and the closing balance of WIP was \$20798 Finished Goods information: Opening Balance of FG was $61391 and the closing balance was $57367 Required: Trace all costs through to calculate the Cost of Goods Manufactured this monthStep by Step Solution
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