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Total Manufacturing Costs for the Month on the Statement of Costs

Question 13

Multiple Choice

Total manufacturing costs for the month on the statement of costs of goods manufactured equals:


A) variable costs + fixed costs + mixed costs.
B) work in process inventory - finished goods inventory.
C) cost of goods sold - cost of goods manufactured.
D) cost of raw material used + direct labor cost incurred + manufacturing overhead applied.

Correct Answer:

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