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jccruz jccruz
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A week ago
The following data has been taken from the accounting records of Curtis Manufacturing Company for the current year:

Sales$600,000
Purchases of direct materials350,000
Direct labor cost during period120,000
Manufacturing overhead applied during period60,000
Direct Materials Inventory, beginning20,000
Direct Materials Inventory, ending25,000
Work in Process Inventory, beginning47,000
Work in Process Inventory, ending32,000
Finished Goods Inventory, beginning75,000
Finished Goods Inventory, ending82,000
Required:

a.Compute the cost of direct materials moved into production during the period.
b.Compute the cost transferred to Finished Goods Inventory during the period.
c.Compute the Cost of Goods Sold during the period.
Textbook 

Managerial Accounting


Edition: 4th
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JulzMarieJulzMarie
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A week ago
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More solutions for this book are available here
a.$20,000 + $350,000 − $25,000 = $345,000
b.$47,000 + $345,000 + $60,000 + $120,000 − $32,000 = $540,000
c.$75,000 + $540,000 − $82,000 = $533,000


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