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The following information was taken from the records of Data Life Company. Direct Materials Used $254,687 Direct Labour 127,583 Total Factory Overhead Costs 132,468 Goods in Process, April 30, 2002 157,997 Goods in Process, April 30, 2003 183,452 The cost of goods manufactured for the year is: A) $489,283 B) $856,187 C) $173,289 D) $591,251 E) $601,021

The following information was taken from the records of Data Life Company. Direct Materials Used $254,687 Direct Labour 127,583 Total Factory Overhead Costs 132,468 Goods in Process, April 30, 2002 157,997 Goods in Process, April 30, 2003 183,452 The cost of goods manufactured for the year is: A) $489,283 B) $856,187 C) $173,289 D) $591,251 E) $601,021

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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The following information was taken from the records of Data Life Company. Direct Materials Used $254,687 Direct Labour 127,583 Total Factory Overhead Costs 132,468 Goods in Process, April 30, 2002 157,997 Goods in Process, April 30, 2003 183,452 The cost of goods manufactured for the year is: A) $489,283 B) $856,187 C) $173,289 D) $591,251 E) $601,021
Transcribed Image Text:The following information was taken from the records of Data Life Company. Direct Materials Used $254,687 Direct Labour 127,583 Total Factory Overhead Costs 132,468 Goods in Process, April 30, 2002 157,997 Goods in Process, April 30, 2003 183,452 The cost of goods manufactured for the year is: A) $489,283 B) $856,187 C) $173,289 D) $591,251 E) $601,021
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