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Home Q & A Board Other Fields Homework Help Business Accounting
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Kwami Kwami
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7 years ago
The following information was provided to the controller of LMS Corporation for the year ended December 31, 2006:

   Beginning work-in-process   $20,000
   Beginning raw material inventory   5,000
   Purchases of raw material   85,000
   Ending raw material inventory   7,400
   Direct labor   45,600
   Manufacturing overhead   50,400
   Ending work-in-process   16,300

Prepare a statement of cost of goods manufactured for the year ended December 31, 2006.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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mourningbirdmourningbird
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7 years ago
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Kwami Author
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#2
7 years ago
Aha, makes more sense now.
wrote...
#3
7 years ago
Excellent feedback, thanks
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