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Prepare a schedule of cost of goods manufactured for year

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Problem - Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--, based on the following information. (Assume that all materials inventory items are direct materials.)

Work in process, January 1 $29,700

Materials inventory, January 1 15,400

Materials purchases 16,800

Materials inventory, December 31 18,200

Direct labor 13,300

Overhead 7,700

Work in process, December 31 14,700

Reference no: EM132725305

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