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Question
Keeton Company has the following data:
| Cost of materials used | $60,000 |
| Direct labor costs | 58,000 |
| Factory overhead | 33,000 |
| Work in process inventory, beginning | 29,000 |
| Work in process inventory, ending | 18,000 |
| Finished goods inventory, beginning | 32,000 |
| Finished goods inventory, ending | 18,000 |
Determine the cost of goods sold.
Answer
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