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Helmer Sporting Goods Company Manufactured 100,000 Units in 20X5 and Reported

Question 200

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Helmer Sporting Goods Company manufactured 100,000 units in 20X5 and reported the following costs:
Helmer Sporting Goods Company manufactured 100,000 units in 20X5 and reported the following costs:    Required: a. What is the amount of direct materials used during 20X5? b. What manufacturing costs were added to WIP during 20X5? c. What is cost of goods manufactured for 20X5? d. What is cost of goods sold for 20X5? Required:
a. What is the amount of direct materials used during 20X5?
b. What manufacturing costs were added to WIP during 20X5?
c. What is cost of goods manufactured for 20X5?
d. What is cost of goods sold for 20X5?

Correct Answer:

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a. $384,000 + $3,136,000 - $275,200 = $3...

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