Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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General accounting

Transcribed Image Text:End-of-year information for the Austin Company is as follows:
Beginning raw materials inventory
$7,600
Beginning goods in process
11,200
Ending raw materials inventory
8,300
Ending goods in process
14,000
Direct labour
21,400
Total factory overhead
15,000
30,000
Raw material purchases
All raw materials used were traceable to specific batches of product Austin Company's cost of
goods manufactured for the year is:
A) $62,900
B) $64,300
C) $65,700
D) $68,500
E) $69,900
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