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Given the following information compute the ending balances of the Materials Inventory, Work in Process Inventory and Finished Goods Inventory accounts Materials Inventory, beginning balance

Given the following information, compute the ending balances of the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory accounts: Materials Inventory, beginning balance .......... $ 25,000 Work in Process Inventory, beginning balance ....... 5,750 Finished Goods Inventory, beginning balance ........ 38,000 Direct materials purchased ............... 85,000 Direct materials used .................. 74,000 Direct labor costs .................... 70,000 Overhead costs .................... 35,000 Cost of goods manufactured .............. 133,000 Cost of goods sold .................. 103,375

Jun 19 2020 View more View Less

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