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What is the cost of goods manufactured if • • . • beginning work in process was $30,000, ending work in process was $30,000, raw materials used were $60,000, direct labor was $50,000, and manufacturing overhead was $20,000? a) $130,000 b) $160,000 c) $110,000 d) $190,000

What is the cost of goods manufactured if • • . • beginning work in process was $30,000, ending work in process was $30,000, raw materials used were $60,000, direct labor was $50,000, and manufacturing overhead was $20,000? a) $130,000 b) $160,000 c) $110,000 d) $190,000

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...
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What is the cost of goods manufactured if • • . • beginning work in process was $30,000, ending work in process was $30,000, raw materials used were $60,000, direct labor was $50,000, and manufacturing overhead was $20,000? a) $130,000 b) $160,000 c) $110,000 d) $190,000
Transcribed Image Text:What is the cost of goods manufactured if • • . • beginning work in process was $30,000, ending work in process was $30,000, raw materials used were $60,000, direct labor was $50,000, and manufacturing overhead was $20,000? a) $130,000 b) $160,000 c) $110,000 d) $190,000
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