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Kamila [148]
3 years ago
11

Famous Furniture Manufacturing Company reported the following information for 2019:

Business
1 answer:
AfilCa [17]3 years ago
6 0

Answer:

$255,500

Explanation:

Prepare a Cost of Goods Manufactured Schedule to determine the  cost of goods manufactured.

<u>Cost of Goods Manufactured Schedule</u>

Direct material used                                             $ 75,000

Direct labor                                                           $ 93,000

Applied manufacturing overhead                       $ 70,000

Add Beginning work-in-process inventory        $130,000

Less Ending work-in-process inventory            ($112,500)

Cost of goods manufactured                             $255,500

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