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FLOW OF COSTS - MANUFACTURING
JF Company has gathered the following data concerning its May operations:
Work in process, beginning 250,000 Work in process, ending 210,000
Direct materials used 90,000 Finished goods, ending 270,000
Direct labor 60,000 Factory overhead 80,000
Finished goods, beginning 340,000
REQUIRED:
Problem 1: Calculate the goods manufactured and sold for May
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