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Keeton Company Had the Following Data

Question 161

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Keeton Company had the following data:
Cost of materials used $ 60,000
Direct labor costs 58,000
Factory overhead 33,000
Work in process,beg. 29,000
Work in process,end. 18,000
Finished goods,beg. 32,000
Finished goods,end. 18,000
Calculate the cost of goods sold.

Correct Answer:

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Cost of goods sold = $60,000 +...

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