Direct materials are 30% of the year's manufacturing costs incurred. The beginning work-in-process is 125% of...
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Direct materials are 30% of the year's manufacturing costs incurred. The beginning work-in-process is 125% of the ending work-in-process. Labor and overhead costs total $56,000 and the cost of goods manufactured is $90,000. What is the cost of the beginning work in process? Direct materials are 30% of the year's manufacturing costs incurred. The beginning work-in-process is 125% of the ending work-in-process. Labor and overhead costs total $56,000 and the cost of goods manufactured is $90,000. What is the cost of the beginning work in process?
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