Information for Underwood Industries is presented below Compute the cost of goods

Question

Information for Underwood Industries is presented below. Compute the cost of goods manufactured.

	Beginning	Ending
Raw materials inventory	$26,800	30,100
Work in process inventory	41,200	39,000
Finished goods inventory	54,000	53,500

Raw materials purchased	93,500
Direct labor	61,000
Total factory overhead	117,300

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