Question: Given: Beginning WIP $ 70,000 Ending WIP $ 10,000 Beginning finished goods $ 80,000 Ending finished goods $ 60,000 Adjusted gross profit $ 230,000 Sales
Given: Beginning WIP $ 70,000 Ending WIP $ 10,000 Beginning finished goods $ 80,000 Ending finished goods $ 60,000 Adjusted gross profit $ 230,000 Sales revenue $ 500,000 Selling and administrative expenses $ 145,000 Underapplied Overhead $ 70,000 Calculate the cost of goods manufactured.
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