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Use the following information to compute the cost of goods manufactured. Assume all raw materials used were direct materials. Beginning raw materials inventory $ 6.900

Use the following information to compute the cost of goods manufactured. Assume all raw materials used were direct materials. Beginning raw materials inventory $ 6.900

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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Use the following information to compute the cost of goods manufactured. Assume all raw materials used were direct materials. Beginning raw materials inventory Ending raw materials inventory Direct labor Raw material purchases Depreciation on factory equipment Factory repairs and maintenance Beginning finished goods inventory $ 6,900 5,400 Ending work in process inventory 13,650 8,800 7,900 4,700 11,600 Ending finished goods inventory 10,300 Beginning work in process inventory 7,100 7,700
Transcribed Image Text:Use the following information to compute the cost of goods manufactured. Assume all raw materials used were direct materials. Beginning raw materials inventory Ending raw materials inventory Direct labor Raw material purchases Depreciation on factory equipment Factory repairs and maintenance Beginning finished goods inventory $ 6,900 5,400 Ending work in process inventory 13,650 8,800 7,900 4,700 11,600 Ending finished goods inventory 10,300 Beginning work in process inventory 7,100 7,700
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