Solved: Compute cost of goods manufactured and compute cost of, Cost Accounting

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Compute cost of goods manufactured and compute cost of

Coldplay Corporation incurred the following costs while manufacturing its product.

688_Compute cost of goods manufactured.PNG

Work-in-process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January 1 and $55,600 at December 31.

Instructions

(a) Compute cost of goods manufactured.

(b) Compute cost of goodssold.

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Cost Accounting: Compute cost of goods manufactured and compute cost of

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