FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Given the following data for Concord Corporation, compute cost of goods manufactured:
Direct materials used $120000 Beginning work in process $20000
Direct labor
100000 Ending work in process
10000
Manufacturing
80000 Beginning finished goods
25000
overhead
Operating expenses
75000 Ending finished goods
15000
$300000
O $320000
$290000
O $310000
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Transcribed Image Text:Given the following data for Concord Corporation, compute cost of goods manufactured: Direct materials used $120000 Beginning work in process $20000 Direct labor 100000 Ending work in process 10000 Manufacturing 80000 Beginning finished goods 25000 overhead Operating expenses 75000 Ending finished goods 15000 $300000 O $320000 $290000 O $310000
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