Question: Please explain the solution to this general accounting problem using the correct accounting principles. A manufacturing company recorded the following data during the year: -

Please explain the solution to this general accounting problem using the correct accounting principles.

A manufacturing company recorded the following data during the year: - Beginning work-in-process inventory: $8,000 - Direct materials used during the period: $12,000 - Direct labor: $9,000 . Applied manufacturing overhead: $19,000 - Ending work-in-process inventory: $5,000 What is the cost of goods manufactured (COGM) for the year

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