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Schedule of Cost of Goods Manufactured.
The balance in the work-in-process inventory account of Sedona Production, Inc., was $800,000 at the beginning of May and $750,000 at the end of May. Manufacturing costs for the month follow.
Direct materials (from the schedule of raw materials placed in production) $340,000
Direct labo $810,000
Manufacturing overhead $660,000
Required:
Problem 1: schedule of cost of goods manufactured for the month of May.
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