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A company has provided the following data concerning last month's operations
A company has provided the following data concerning last month's operations.
Purchases of raw materials
$25,000
Indirect materials included in manufacturing overhead
$5,000
Direct labor cost
$58,000
Manufacturing overhead cost applied to Work in Process
$73,000
Beginning
Ending
Raw materials inventory
$11,000
$21,000
Work in process inventory
$49,000
$74,000
Determine the cost of goods manufactured for the month.
Expert Solution
Cost of goods manufactured = $116,000
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