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Cost of Goods Manufactured for Ace Manufacturing

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For this question, we will be looking at the following data for Ace Manufacturing:

Beginning raw materials inventory .................$53 200
Beginning goods in process, inventory ..........78 400
Ending raw materials inventory ......................58 100
Ending goods in process, inventory ...............98 000
Direct labor ...................................................149 800
Total factory overhead ..................................105 000
Raw material purchases ................................210 000

Calculate the cost of goods manufactured for this company.

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Solution Summary

This solution provides a concise and straight-forward response which explains how to calculate the cost of goods manufactured for Ace Manufacturing. All calculations have been completed and the response has been provided in table format.

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Ace Manufacturing Company

Calculate the cost of goods manufactured for this company.

We first calculate the Raw Materials used:
Raw Material Used is ...

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