The following data apply to Stratford Ltd. Calculate the cost of goods manufactured during the year. Work
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Question:
The following data apply to Stratford Ltd. Calculate the cost of goods manufactured during the year.
Work in process inventory, beginning of the year | $9000 |
Manufacturing overhead applied during the year | $20,000 |
Work in process inventory, end of the year | $14,000 |
Finished goods inventory, beginning of the year | $5000 |
Finished goods inventory, end of the year | $7500 |
Cost of goods sold during the year | $75,000 |
A. | 72,500 | |
B. | 70,500 | |
C. | 77,500 | |
D. | 62,500 |
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