Inventories Beginning Ending Raw materials $30,000 $33,000 Work In process $20,000 $18,000 Finished goods $52,000 $60,000Additional Information Raw material purchases $63,000 Direct labor costs $92,000 Manufacturing overhead cost incurred $75,000 Indirect materials included in manufacturing overhead costs incurred $6,000 Manufacturing overhead cost applied to work in process $69,000
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form.
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