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    Costs of Goods Manufactured

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    The following selected information was extracted from the 20x3 accounting records of Baker Products:

    Raw Materials Used $284,000

    Direct Labor 178,000

    Indirect Labor 35,000

    Selling & Admin. Salaries 330,000

    Factory Depreciation 231,000

    Selling & Admin Depreciation 99,000

    Other Selling & Admin Expenses 80,000

    Factory Maintenance and Taxes 620,000

    The company's beginning and ending work-in-process inventories amounted to $306,000 and $245,000, respectively. The company's beginning and ending finished-goods inventories were $450,000 and $440,000, respectively. Calculate Midina's cost of goods manufactured.

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    https://brainmass.com/business/accounting/costs-of-goods-manufactured-505553

    Solution Preview

    The following selected information was extracted from the 20x3 accounting records of Baker Products:

    Raw Materials Used $284,000

    ...

    $2.19

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