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(Solved) Generic Motors is a manufacturing firm. Its beginning inventory


Generic Motors is a manufacturing firm. Its beginning inventory of materials was $3,000, purchases of materials $12,000, ending inventory of materials $3,500.

Its beginning inventory of work-in-process (WIP) was $3,000, ending inventory of WIP was $7,700.

Its cost of direct labor was $15,000, manufacturing overhead $17,000.

Its beginning inventory of finished goods was $4,000, ending inventory of finished goods was $5,300.


can you explain exactly step by step how to get cost of goods manufactured?


Generic Motors is a manufacturing firm. Its beginning inventory of materials was $3,000, purchases of materials

 

$12,000, ending inventory of materials $3,500.

 

Its beginning inventory of...

 


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