The following balances are from the accounts of Tappan Parts: Direct materials used during the year amount

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The following balances are from the accounts of Tappan Parts:
The following balances are from the accounts of Tappan Parts:
Direct

Direct materials used during the year amount to $1,196,000 and the cost of goods sold for the year was $1,378,000.
Required
Find the following by completing a cost of goods sold statement:
a. Cost of direct materials purchased during the year.
b. Cost of goods manufactured during the year.
c. Total manufacturing costs incurred during the year.

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Related Book For  book-img-for-question

Fundamentals of Cost Accounting

ISBN: 978-1259565403

5th edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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