Flow of manufacturing costs
The following data are taken from the accounting records of Victoria Mfg. Co.:
Compute the following amounts:
(a) Direct materials purchased during the period: $____________ (b) Total manufacturing costs charged to production (the Work in Process Inventory account) during the year: $____________ (c) The cost of finished goods manufactured during the year: $____________ (d) The cost of goods sold during the year: $____________
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