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The Accounting Records of Newport Mfg

Question 124

Multiple Choice

The accounting records of Newport Mfg. Co. include the following information for the most recent year ended Dec. 31: Indicate which of the following are correct. (More than one answer may be correct.)


A) Amount debited to the Work in Process Inventory account during year, $500,000.
B) Cost of finished goods manufactured, $490,000.
C) Cost of goods sold, $470,000.
D) Total manufacturing costs, $650,000.

Correct Answer:

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