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Problem - Cost of goods manufactured for a manufacturing company
The following information is available for Neaves Manufacturing Company for the month ending January 31, 2012:
Cost of direct materials used in production $215,000
Direct labor 185,000
Work in process inventory, January 1 85,000
Work in process inventory, January 31 94,000
Total factory overhead 130,000
Required - Determine Neaves' cost of goods manufactured for the month ended January 31, 2012.
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