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A company started with $0 in direct materials, purchased $5,000 of materials, and ended with $300 in materials. Direct labor equaled $4,000. The applied overhead for the period was $2,250. There were no beginning or ending work in process amounts. What was the cost of goods manufactured for the period?
A. $11,250
B. $10,950
C. $11,550
D. $9,000
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10% of the finished castings were to be defective in manufacture and were rectified by expenditure of additional works overhead charges to the extent of 20% on the proportionate di
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WORKED EXAMPLES OF EXPECTED CASH COLLECTIONS PATTERNS
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