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Donna Company submits the following data for May 2016
Direct labor cost 160, 000
Cost of goods sold 250,000
Factory overhead- Appliedat 150% of direct labor costs.
Inventories May 1 2016 May 31, 2016
finished goods 150 000 122 000
Work in Process 129 000 124 000
Materials 124 000 115 000
Required
Question1 : Costs of goods sold statement.
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