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Baltimore Manufacturing had a Work in Process balance of $64,000 on January 1, 2018. The year-end balance of Work in Process was $80,000 and the Cost of Goods Manufactured was $670,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018.

Baltimore Manufacturing had a Work in Process balance of $64,000 on January 1, 2018. The year-end balance of Work in Process was $80,000 and the Cost of Goods Manufactured was $670,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018.

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 9P: Glasson Manufacturing Co. produces only one product. You have obtained the following information...
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Baltimore Manufacturing had a Work in Process balance of $64,000 on January 1, 2018. The year-end balance of Work in Process was $80,000 and the Cost of Goods Manufactured was $670,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018.
Transcribed Image Text:Baltimore Manufacturing had a Work in Process balance of $64,000 on January 1, 2018. The year-end balance of Work in Process was $80,000 and the Cost of Goods Manufactured was $670,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018.
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