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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

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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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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