Which of the following represents the correct formula for calculating cost of goods manufactured?
a) direct materials used + direct labor + factory overhead + beginning work in process + ending work in process.
b) direct materials used + direct labor + factory overhead + beginning work in process - ending work in process.
c) direct materials used + direct labor + factory overhead - beginning work in process + ending work in process.
d) direct materials used + direct labor + factory overhead - beginning work in process - ending work in process.
e) direct materials used + direct labor - factory overhead + beginning work in process - ending work in process.
Answers: 1
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Which of the following represents the correct formula for calculating cost of goods manufactured?
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