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Flow of Manufacturing Costs

Question 106

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Flow of manufacturing costs
The following data are taken from the accounting records of Gregory Mfg.Co.:
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: $________ 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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(a)$677,000
(b)$1,30...

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