Cordova Casting Works provides you with the following information from the company's monthly budgets for May and
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What is the value of each "?."
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May June Beginning work-in-process inventory $180,000 Ending work-in-process inventory Direct materials usage Direct labor Vaiable overhead Variable cost of goods mauud545,000 S574 Beginning inished good inventory$220,000 Ending finished goods inventory 250,000S280,000 26500S345.000 125.000 145.000 S225,000 iable cost of goods sold S615,000
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We know that the COGM is the outflow from the WIP inventory account Direct materials direct labor an...View the full answer
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Managerial Accounting
ISBN: 978-1118385388
2nd edition
Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle
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