Solved: How much is cost of goods manufactured, Cost Accounting

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How much is cost of goods manufactured

Response to the following problem:

At December 31, 2010, WDT Inc. has a balance in the Work in Process Inventory account of $62,000. At January 1, 2010, the balance was $55,000. Current manufacturing costs for the year are $292,000, and cost of goods sold is $284,000. How much is cost of goods manufactured?

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Cost Accounting: How much is cost of goods manufactured

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