Ybarra Products began operations in 2020. During its first year, the company purchased raw materials costing $84,000
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Ybarra Products began operations in 2020. During its first year, the company purchased raw materials costing $84,000 and used $63,000 of those materials in the production of its products. The company's manufacturing operations also incurred labor costs of $58,000 and overhead costs of $28,000. At year end 2020, Ybarra had $19,000 of partially completed product in work-in-process inventory and $35,000 in finished goods inventory. What was Ybarra Company's cost of good sold in 2020?
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Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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