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Question
The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory.
Beginning WIP 5,900
Direct materials 48,500
Direct labor 31,000
Applied overhead 17,200
Total Mfg. costs 102,600
To finished goods ?
Ending WIP 11,700
The cost of jobs transferred to finished goods is ?
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