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John Manufacturing_Cost of Goods Manufactured and Cost of Goods Sold.

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solution


Question

Question;Information for John;Manufacturing follows;Beginning;raw materials inventory $46,800;Beginning;goods in process inventory $21,200;Direct;labor 81,000;Beginning;finished goods inventory 64,000;Total;factory overhead 106,000;Raw;material purchased 21,500;Ending;raw materials inventory 40,000;Ending;goods in process inventory 20,000;Ending;finished goods inventory 46,000;Calculate;(a) the Cost of Goods Manufactured and (b) the Cost of Goods Sold.

 

Paper#37377 | Written in 18-Jul-2015

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