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Some cost-related information for Garcia Limited is as follows for the month ended August 2021:
Manufacturing overhead: $15,000
Direct labour: $25,000
Direct materials: $40,000
WIP, Beginning: $15,000
WIP, Ending: $20,000
Problem 1: What is Garcia's cost of goods manufactured for the month?
a. $95,000
b. $75,000
c. $85,000
d. Not enough information provided.
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