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From the following data, determine the total Cost of Goods Manufactured (COGM):   Costs of units in beginning Work-in-Progress (WIP) Inventory Costs added to units in beginning WIP Inventory this period Costs of units started and completed Cost of units started and incomplete Cost of units in ending WIP inventory   $   78,000.00   $   16,040.40 $ 157,050.50   $   59,309.10   $   59,309.10   A) $251,090.90 B) $270,840.40 C) $279,000.00 D) $310,400.00

From the following data, determine the total Cost of Goods Manufactured (COGM):   Costs of units in beginning Work-in-Progress (WIP) Inventory Costs added to units in beginning WIP Inventory this period Costs of units started and completed Cost of units started and incomplete Cost of units in ending WIP inventory   $   78,000.00   $   16,040.40 $ 157,050.50   $   59,309.10   $   59,309.10   A) $251,090.90 B) $270,840.40 C) $279,000.00 D) $310,400.00

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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  1. From the following data, determine the total Cost of Goods Manufactured (COGM):

 

Costs of units in beginning Work-in-Progress (WIP) Inventory

Costs added to units in beginning WIP Inventory this period

Costs of units started and completed

Cost of units started and incomplete

Cost of units in ending WIP inventory

  $   78,000.00

  $   16,040.40

$ 157,050.50

  $   59,309.10

  $   59,309.10

 

  1. A) $251,090.90
  2. B) $270,840.40
  3. C) $279,000.00
  4. D) $310,400.00
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