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  3. 2) a company had beginning inventories as follow

2) A company had beginning inventories as follows: Direct Materials, $300; Work-in-Process, $500;...

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Accounting

2)

A company had beginning inventories as follows: Direct Materials, $300; Work-in-Process, $500; Finished Goods, $700. It had ending inventories as follows: Direct Materials, $400; Work-in-Process, $600; Finished Goods, $800. Material Purchases net were $1,400, Direct Labor $1,500, and Manufacturing Overhead $1,600. What is the Cost of Goods Sold for the period?

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