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On August 1, 2013, Sietens Corporation had the following account balances:
During August, the following transactions took place.
Raw material was purchased on account, $570,000.
Sietens Corporation uses an actual cost system and debits actual overhead costs incurred to Work in Process Inventory.
a. Determine the total amount of product cost (cost of goods manufactured) and period cost incurred during August 2013.Total amount of product cost $Total amount of period cost $
b. Compute the cost of goods sold for August 2013.
$ ( )
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