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Question
Calculate the cost of goods sold using the following information:| Direct materials | $298,500 |
| Direct labor | 132,000 |
| Factory overhead costs | 264,000 |
| General and administrative expenses | 85,500 |
| Selling expenses | 48,800 |
| Work in Process inventory, January 1 | 118,500 |
| Work in Process inventory, December 31 | 125,900 |
| Finished goods inventory, January 1 | 232,100 |
| Finished goods inventory, December 31 | 238,700 |
A.$680,500.
B.$701,900.
C.$687,100.
D.$674,600.
E.$772,600.
Answer
This answer is hidden. It contains 368 characters.
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