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Prepare a schedule of cost of goods manufactured and COGS for year ended Dec.31, 2007
Direct material 92,000-jan.1 65,000-dec.31
Work-in-process 72,000-jan.1 55,000-dec.31 Finished goods 137,000-jan.1 130,000-dec.31 Direct materials purchased 405,000 Cost of goods available for sale 1,257,880 Actual factory overhead cost 321,250 |
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