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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