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Question - Cost of Goods Manufactured
Candy's Chocolate Shoppe had the following information available for the month of September:
Beginning
Ending
Raw materials inventory
$46,000
$26,000
Work in process inventory
31,000
41,000
Finished-goods inventory
36,000
26,000
Raw materials purchased
113,000
Direct labor (2,500 hrs @ $8)
20,000
Overhead
56,000
Required: Calculate the cost of goods manufactured for the month.
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