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Glavine Corporation Incurred the Following Costs While Manufacturing Its Product

Question 9

Essay

Glavine Corporation incurred the following costs while manufacturing its product. Glavine Corporation incurred the following costs while manufacturing its product. Work-in-process inventory was $22,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and $55,600 at December 31. Instructions (a) Compute cost of goods manufactured. (b) Compute cost of goods sold.
Work-in-process inventory was $22,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and $55,600 at December 31.
Instructions
(a) Compute cost of goods manufactured.
(b) Compute cost of goods sold.

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