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Question
Use the following information to compute the cost of goods manufactured:
| Beginning finished goods inventory | $65,000 |
| Beginning goods in process inventory | 81,000 |
| Beginning raw materials | 73,000 |
| Depreciation on factory equipment | 7,000 |
| Direct labor | 25,000 |
| Ending finished goods inventory | 67,000 |
| Ending goods in process inventory | 79,000 |
| Ending raw materials | 60,000 |
| Factory repairs and maintenance | 12,000 |
| Raw material purchases | 50,000 |
A. $63,000
B. $105,000
C. $107,000
D. $90,000
E. $109,000
Answer
This answer is hidden. It contains 251 characters.
Related questions
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