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Question - Concord Corporation reported the following year-end information:
Beginning work in process inventory $ 53000
Beginning raw materials inventory 24000
Ending work in process inventory 49000
Ending raw materials inventory 29000
Raw materials purchased 760000
Direct labor 440000
Manufacturing overhead 100000
How much is Concord's cost of goods manufactured for the year?
A. $755000
B. $1299000
C. $1291000
D. $1295000
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