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Use the following information to compute the cost of goods manufactured. Assume that all raw materials used were traceable to specific units of product. Beginning raw materials Ending raw materials Direct labor Raw material purchases Depreciation on factory equipment Factory repairs and maintenance Beginning finished goods inventory Ending finished goods inventory Beginning work in process inventory Ending work in process inventory $ 7,100 5,600 13,850 9,000 8,100 4,900 11,800 10,500 7,300 7,900

Use the following information to compute the cost of goods manufactured. Assume that all raw materials used were traceable to specific units of product. Beginning raw materials Ending raw materials Direct labor Raw material purchases Depreciation on factory equipment Factory repairs and maintenance Beginning finished goods inventory Ending finished goods inventory Beginning work in process inventory Ending work in process inventory $ 7,100 5,600 13,850 9,000 8,100 4,900 11,800 10,500 7,300 7,900

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 that all raw materials used were traceable to specific units of product. Beginning raw materials Ending raw materials Direct labor Raw material purchases Depreciation on factory equipment Factory repairs and maintenance. Beginning finished goods inventory Ending finished goods inventory Beginning work in process inventory. Ending work in process inventory Multiple Choice $44,650. $37,950 $38,650. $37,350 $36,750 $ 7,100 5,600 13,850 9,000 8,100 4,900 11,800 10,500 7,300 7,900
Transcribed Image Text:Use the following information to compute the cost of goods manufactured. Assume that all raw materials used were traceable to specific units of product. Beginning raw materials Ending raw materials Direct labor Raw material purchases Depreciation on factory equipment Factory repairs and maintenance. Beginning finished goods inventory Ending finished goods inventory Beginning work in process inventory. Ending work in process inventory Multiple Choice $44,650. $37,950 $38,650. $37,350 $36,750 $ 7,100 5,600 13,850 9,000 8,100 4,900 11,800 10,500 7,300 7,900
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