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The manufacturing operations of a company had the following

Question - The manufacturing operations of a company had the following balances for the year:

Beginning Balance Ending Balance

Raw materials $84,000 $91,000

Work in process $45,000 $59,000

Finished goods $28,000 $23,000

The company transferred $918,000 of completed goods out of work in process during the year. The overhead is underapplied by $3,000.

What is the adjusted cost of goods sold for the year?

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Accounting Basics: The manufacturing operations of a company had the following

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Accounting Basics: The manufacturing operations of a company had the following

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