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Concord corporation reported the following year-end

Question - Concord Corporation reported the following year-end information:

Beginning work in process inventory $ 53000

Beginning raw materials inventory 24000

Ending work in process inventory 49000

Ending raw materials inventory 29000

Raw materials purchased 760000

Direct labor 440000

Manufacturing overhead 100000

How much is Concord's cost of goods manufactured for the year?

A. $755000

B. $1299000

C. $1291000

D. $1295000

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Accounting Basics: Concord corporation reported the following year-end

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Accounting Basics: Concord corporation reported the following year-end

Reference No:- TGS02493080

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