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Accounting
Raw Materials Used: $84,404 Direct Labor: $143,978 Manufacturing Overhead Incurred: $324,608 Work-in-Process inventory, Jan 1: $53,982 Work-in-Process inventory, Dec 31: $75,011 Finished Goods inventory, Jan 1: $181,914 Finished Goods inventory, Dec 31: $147,712 What is Cost of Goods Manufactured for the year?

Raw Materials Used: $84,404 Direct Labor: $143,978 Manufacturing Overhead Incurred: $324,608 Work-in-Process inventory, Jan 1: $53,982 Work-in-Process inventory, Dec 31: $75,011 Finished Goods inventory, Jan 1: $181,914 Finished Goods inventory, Dec 31: $147,712 What is Cost of Goods Manufactured for the year?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PB: During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of...
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  • Raw Materials Used: $84,404
  • Direct Labor: $143,978
  • Manufacturing Overhead Incurred: $324,608
  • Work-in-Process inventory, Jan 1: $53,982
  • Work-in-Process inventory, Dec 31: $75,011
  • Finished Goods inventory, Jan 1: $181,914
  • Finished Goods inventory, Dec 31: $147,712

What is Cost of Goods Manufactured for the year?

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