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Calculate the cost of services sold
# of designs completed and sold - 700
Beginning inventory of direct materials - $20,000 Beginning inventory of designs in process - $60,000 Ending inventory of direct materials - $0 Ending inventory of designs in process - $100,000 Purchases, direct materials - $40,000 Direct labor - $800,000 Manufacturing overhead - $100,000 Admin. Exp. - $150,000 Selling Exp. - $60,000 Calculate the cost of services sold. |
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