Calculate how much is cost of goods manufactured, Accounting Basics

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Calculate how much is cost of goods manufactured

Red Runners Work in Process Inventory account has a beginning balance of $50,000 and an ending balance of $40,000. Direct materials used are $70,000, and direct labor used totals $35,000. Cost of goods sold totals $135,000. Manufacturing overhead applied is $20,000. How much is cost of goods manufactured?

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Accounting Basics: Calculate how much is cost of goods manufactured

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Accounting Basics: Calculate how much is cost of goods manufactured

Reference No:- TGS0687459

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Explaining whether it is an independent event or dependent

Q : Explain the standard cost

Q : What is the direct labor rate

Q : Explain kosher-halal and genetically modified food in muslim

Q : Calculate how much is cost of goods manufactured

Q : How to compute avoidable interest for hanson company

Q : Values of variables

Q : Explain elements in analyzing and making decision about data

Q : How to maintain ending finished goods inventory

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculate how much is cost of goods manufactured

Reference No:- TGS0687459

Recent Questions Asked Accounting Basics

Q : Explaining whether it is an independent event or dependent

Q : Explain the standard cost

Q : What is the direct labor rate

Q : Explain kosher-halal and genetically modified food in muslim

Q : Calculate how much is cost of goods manufactured

Q : How to compute avoidable interest for hanson company

Q : Values of variables

Q : Explain elements in analyzing and making decision about data

Q : How to maintain ending finished goods inventory

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