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QUESTION

Tina Company reports the following data for 2013:

Tina Company reports the following data for 2013:

Cost of goods manufactured                           $69,300

Direct materials used                                         27,000

Direct labor incurred                                          30,000

Work in process inventory, Jan. 1, 2013             9,000

Manufacturing overhead is 75% of the cost of direct labor.

Work in process inventory on December 31, 2013, is?

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