During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory$ 46,000 Beginning finished
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During the year, a manufacturing company had the following operating results:
Beginning work-in-process inventory$ 46,000
Beginning finished goods inventory$ 192,000
Direct materials used in production$ 312,000
Direct labor$ 485,000
Manufacturing overhead incurred$ 254,000
Ending work-in-process inventory$ 69,000
Ending finished goods inventory$ 90,000
What is the cost of goods manufactured for the year?
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