The following information pertains to the Galaxy Company:
Work in Process,balance as of January 1 $54,500
Work in Process,balance as of December 31 $56,275
During the year,the company used $575,500 in raw materials,incurred $420,500 in direct labor costs,and $500,000 in manufacturing overhead costs were applied to work in process.Determine the Costs of Goods Manufactured for the Galaxy Company.
Correct Answer:
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