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H3Ko H3Ko
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7 years ago
Given the following information, determine the cost of goods sold.

Direct Labor Incurred   $61,000
Manufacturing Overhead Incurred   176,500
Direct Materials Used   154,000
Finished Goods Inventory, Jan. 1   198,000
Finished Goods Inventory, Dec. 31   98,500
Work-in-Process Inventory, Jan. 1   222,000
Work-in-Process Inventory, Dec. 31   109,000

A) $296,500
B) $604,000
C) $504,500
D) $613,500
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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7 years ago
I just realized you had posted this! Thanks so much
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6 years ago
have to leave a reply to view question answer
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4 years ago
Thanks
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4 years ago
Just need the answer
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3 years ago
THANK YOU
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3 years ago
thanks
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Thanks!
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