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ADM2304 (69)
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Lecture 3

ADM2304 Lecture 3: 3
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Department
Administration
Course
ADM2304
Professor
Tony Quon
Semester
Fall

Description
e.g, beginning work in process was 125,000. Manufacturing costs incurred for the month were 835,000. There were 200,000 of partially nished goods remaining in work in process inventory at the end of the month. What was the cost of goods manufactured during the month? A.1,160,000 B. 910,000 C. 760,000 125 000 + 835 000 2000 000 e.g, raw materials inventory 25 000 + purchases of raw material 130 000 = raw materials available for use 155 000 raw material inventory ending ? = raw material used in production 135 000 155 000 135 000 = raw material inventory ending 20 000 goods available for sale 360 000 (given) nished goods 15 000 = COG manu. 345 000 (given) 345 000 361 000 = 16 500 COGS = 345 000 (given) nished goods end of period 42 500 = 317 500 (given)
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