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McGown Corporation has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases Direct labor Manufacturing overhead applied Indirect materials Compute the unadjusted cost of goods sold. Beginning Inventory (1/1) $ 20,000 15,000 30,000 $ 100,000 75,000 80,000 0 Ending Inventory (12/31) $ 30,000 18,000 20,000

McGown Corporation has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases Direct labor Manufacturing overhead applied Indirect materials Compute the unadjusted cost of goods sold. Beginning Inventory (1/1) $ 20,000 15,000 30,000 $ 100,000 75,000 80,000 0 Ending Inventory (12/31) $ 30,000 18,000 20,000

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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Subject: acounting 

$252,000 $133,000 $242,000 $255,000
Transcribed Image Text:$252,000 $133,000 $242,000 $255,000
ed McGown Corporation has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases Direct labor Manufacturing overhead applied Indirect materials Compute the unadjusted cost of goods sold. Beginning Inventory (1/1) $ 20,000 15,000 30,000 $ 100,000 75,000 80,000 0 Ending Inventory (12/31) $ 30,000 18,000 20,000
Transcribed Image Text:ed McGown Corporation has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases Direct labor Manufacturing overhead applied Indirect materials Compute the unadjusted cost of goods sold. Beginning Inventory (1/1) $ 20,000 15,000 30,000 $ 100,000 75,000 80,000 0 Ending Inventory (12/31) $ 30,000 18,000 20,000
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