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Assume Direct Materials, Direct Labour and Factory Overhead for the Period

Question 20

Multiple Choice

Assume direct materials, direct labour and factory overhead for the period total $700 000. If work in process at the start is $55 000 and work in process at the end is $40 000, what is the cost of goods manufactured?


A) $700 000
B) $735 000
C) $685 000
D) $715 000

Correct Answer:

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