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At the beginning of 2011 the gilbert companys work in

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At the beginning of 2011, the Gilbert Company's work in process inventory account had a balance of $30,000. During 2011, $68,000 of direct materials were used in production, and $66,000 of direct labor costs were incurred. Factory overhead in 2011 amounted to $90,000. Cost of goods manufactured is $220,000 in 2011. The balance in work in process inventory on December 31, 2011, is

Reference no: EM13608483

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