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Shane Corporation has provided the following data concerning last month's operations. Direct materials $23,000 Direct labor $58,000 Manufacturing overhead applied to Work in Process $92,000 Beginning Ending Work in process inventory $56,000 $69,000 Finished goods inventory $33,000 $36,000 How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold? Multiple Choice $161,000 $193,000 $160,000 $157,000

Shane Corporation has provided the following data concerning last month's operations. Direct materials $23,000 Direct labor $58,000 Manufacturing overhead applied to Work in Process $92,000 Beginning Ending Work in process inventory $56,000 $69,000 Finished goods inventory $33,000 $36,000 How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold? Multiple Choice $161,000 $193,000 $160,000 $157,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Shane Corporation has provided the following data concerning last month's operations. Direct materials $23,000 Direct labor $58,000 Manufacturing overhead applied to Work in Process $92,000 Beginning Ending Work in process inventory $56,000 $69,000 Finished goods inventory $33,000 $36,000 How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold? Multiple Choice $161,000 $193,000 $160,000 $157,000
Transcribed Image Text:Shane Corporation has provided the following data concerning last month's operations. Direct materials $23,000 Direct labor $58,000 Manufacturing overhead applied to Work in Process $92,000 Beginning Ending Work in process inventory $56,000 $69,000 Finished goods inventory $33,000 $36,000 How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold? Multiple Choice $161,000 $193,000 $160,000 $157,000
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