Karlana Corporation: Compute cost of goods manufactured
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The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just completed year.
Sales $916
Raw materials inventory, beginning $95
Raw materials inventory, ending $15
Purchases of raw materials $120
Direct labor $124
Manufacturing overhead $188
Administrative expenses $148
Selling expenses $129
Work in process inventory, beginning $28
Work in process inventory, ending $29
Finished goods inventory, beginning $123
Finished goods inventory, ending $139
The cost of goods manufactured (finished) for the year (in thousands of dollars) was:
a. $569
b.$511
c.$200
d.$540
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This solution help compute cost of goods manufactured.
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The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just completed year.
Sales ...
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