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8 E Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurred the following costs during the year: L Factory production worker wages Direct materials Allocated factory rent Allocated factory utilities $ 10,000 50,000 50,000 70,000 200,000 Sales commissions At the end of the year WIP totaled $5,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory. E

8 E Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurred the following costs during the year: L Factory production worker wages Direct materials Allocated factory rent Allocated factory utilities $ 10,000 50,000 50,000 70,000 200,000 Sales commissions At the end of the year WIP totaled $5,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory. E

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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8 E Go EEE X E N Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurred the following costs during the year. Factory production worker wages Direct materials Allocated factory rent Allocated factory utilities $10,000 50,000 50,000 70,000 200,000 Sales commissions At the end of the year WIP totaled $5,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory.
Transcribed Image Text:8 E Go EEE X E N Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurred the following costs during the year. Factory production worker wages Direct materials Allocated factory rent Allocated factory utilities $10,000 50,000 50,000 70,000 200,000 Sales commissions At the end of the year WIP totaled $5,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory.
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