Consider Derek's budget information: materials to be used totals $65,900; direct labor totals $201,000; factory overhead totals $398,100; work in process inventory January 1 is $188,700; and work in progress inventory on December 31 is $192,500. The budgeted cost of goods manufactured for the year is

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Consider Derek's budget information: materials to be used totals $65,900; direct labor totals $201,000; factory overhead totals $398,100; work in process inventory January 1 is $188,700; and work in progress inventory on December 31 is $192,500. The budgeted cost of goods manufactured for the year is

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