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A Corporation Used $34,000 of Direct Materials and Incurred $74,000

Question 96

Multiple Choice

A corporation used $34,000 of direct materials and incurred $74,000 in direct labor cost,and $112,500 in manufacturing overhead costs during the period.What is the cost of goods manufactured if the beginning and ending Work-in-Process Inventories were $27,500 and $20,500,respectively?


A) $248,000
B) $227,500
C) $213,500
D) $220,500

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