How much is cost of goods manufactured, Accounting Basics

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How much is cost of goods manufactured

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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Accounting Basics: How much is cost of goods manufactured

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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.

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Accounting Basics: How much is cost of goods manufactured

Reference No:- TGS0714850

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Recent Questions Asked Accounting Basics

Q : Estimating the probability

Q : How much is the budgeted variable

Q : What is the work required using compressed liquid tables

Q : How are present values affected by changes in interest rates

Q : How much is cost of goods manufactured

Q : Explain percentage of sales from new customers product costs

Q : What is the amount of under or over applied

Q : Race of tortoise and hare problem

Q : How do you account for this item

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much is cost of goods manufactured

Reference No:- TGS0714850

Recent Questions Asked Accounting Basics

Q : Estimating the probability

Q : How much is the budgeted variable

Q : What is the work required using compressed liquid tables

Q : How are present values affected by changes in interest rates

Q : How much is cost of goods manufactured

Q : Explain percentage of sales from new customers product costs

Q : What is the amount of under or over applied

Q : Race of tortoise and hare problem

Q : How do you account for this item

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