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Use the following to answer questions 13 and 14: The following data has been taken from the accounting records of Baby Face Nelson Corporation for the most recent year: Raw Materials purchased
Use the following to answer questions 13 and 14:
The following data has been taken from the accounting records of Baby Face Nelson Corporation for the most recent year:
Raw Materials purchased............................... $170
Direct Labor................................................... $210
Manufacturing Overhead........................... $200
Selling & Administrative expenses ................ $320
Raw Materials Inventory, beginning............... $70
Raw Materials Inventory, ending.................... $80
Work in process inventory, beginning............ $30
Work in process inventory, ending................ $20
Finished goods inventory, beginning.............. $100
Finished goods inventory, ending.................. $70
Question 13
1 pts
Baby Face Nelson's Cost of Goods Manufactured for the year was:
$600
$590
$580
$570
Question 14
1 pts
Baby Face Nelson's Cost of Goods Sold for the year was:
$570
$600
$610
$680
Expert Solution
Baby Face Nelson's Cost of Goods Manufactured for the year was $580.
Baby Face Nelson's Cost of Goods Sold for the year was $610.
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