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QUESTION
Find the cost of goods manufactured from the following:
Find the cost of goods manufactured from the following: Direct materials used- $240,000; Direct Labor- $200,000; Manufacturing overhead- $300,000; Operating expenses- $350,000; Beginning work in process- $40,000; Ending work in process- $20,000; Beginning finished goods- $50,000; Ending finished goods- $30,000. The cost of goods manufactured is $760,000. How do you get this answer?
