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Morning Fresh Company uses a job-order costing system. Manufacturing overhead is applied to Work in Process inventory using a predetermined overhead rate. During the current month, the company's transactions included the following: Direct materials issued to production: $360,000 Indirect materials issued to production: $32,000 Direct labour cost incurred: $428,000 Manufacturing overhead cost applied: $452,000 Manufacturing overhead cost incurred: $500,000 The company had no beginning or ending inventories in the current month. What was the cost of goods manufactured?

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Accounting Basics, Accounting

Category:- Accounting Basics
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