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Data for Brinley Company for the current fiscal year ended June 30, 20-2, are shown below.
Work in process, June 30, 20-2
$ 18,260
Materials inventory, June 30, 20-2
14,300
Materials purchased
147,150
Direct labor
290,350
Factory overhead
160,240
Work in process, July 1, 20-1
13,250
Materials inventory, July 1, 20-1
10,260
Indirect materials charged to production
4,500
Prepare a schedule of cost of goods manufactured for the year ended June 30, 20-2.
Assume that only T1 and T2 are completed during the current period. Illustrate what is the amount of gain reported in A Company's consolidated financial statements?
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