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During the Current Year,Jules Company Incurred the Following Product Costs

Question 84

Multiple Choice

During the current year,Jules Company incurred the following product costs: Direct materials used in production $250,000;
Direct labor $185,000;and
Manufacturing overhead $245,500.
Jules Company's beginning Work in Process Inventory was $20,000 and its ending Work in Process Inventory amounted to $30,000.What is the company's cost of finished goods manufactured for the year?


A) $700,500
B) $690,500
C) $670,500
D) $430,500

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