Flow of manufacturing costs
The following data are taken from the accounting records of Gregory Mfg. Co.:
Compute the following for the current year:
(a) Direct materials purchased: $____________ (b) Total manufacturing costs charged to production (the Work in Process Inventory account): $____________ (c) The cost of finished goods manufactured: $____________ (d) The cost of goods sold: $____________
Correct Answer:
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(b) 1,30...
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