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Total Manufacturing Cost

Given the following information:

The following balances are from the accounts of Hill Components:

January 1 (Beginning) December 31 (Ending)
Direct materials inventory $ 21,700 $ 25,300
Work-in-process inventory 32,400 29,000
Finished goods inventory 5,900 6,800

Direct materials used during the year amount to $46,100, and the cost of goods sold for the year was $52,800.

How do you compute total manufacturing costs?

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Solution Summary

The solution computes the total manufacturing costs for Hill Components.