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Question - Find the cost of goods manufactured from the following: Direct materials used was $240,000; Direct Labor was $200,000; Manufacturing overhead was $300,000; Operating expenses was $350,000; Beginning work in process was $40,000; Ending work in process was $20,000; Beginning finished goods was $50,000; Ending finished goods was $30,000. The cost of goods manufactured is $760,000. How do you get this answer?
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