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The Formula to Compute Cost of Goods Manufactured Is

Question 87

Multiple Choice

The formula to compute cost of goods manufactured is


A) beginning Work in Process Inventory plus purchases of raw material minus ending Work in Process Inventory.
B) beginning Work in Process Inventory plus direct labor plus direct material used plus overhead incurred minus ending Work in Process Inventory.
C) direct material used plus direct labor plus overhead incurred.
D) direct material used plus direct labor plus overhead incurred plus beginning Work in Process Inventory.

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