Calculate the cost of goods manufactured in the month, Accounting Basics

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Calculate the cost of goods manufactured in the month

Question: Details of a company's inventory balances for January: January 1 Work-in-Process Inventory $100,000 January 31 Work-in-Process Inventory $200,000 Direct Labor Used $ 50,000 Manufacturing Overhead Applied $ 80,000 Direct Material Purchases $400,000 Direct Material Returns $ 40,000 Direct Material Used $300,000 Calculate the cost of goods manufactured in the month of January.

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Accounting Basics: Calculate the cost of goods manufactured in the month

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