BOTH PLEASE The schedule of cost of goods manufactured contains three elements of product...
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Accounting
BOTH PLEASE
The schedule of cost of goods manufactured contains three elements of product costs-direct materials, direct labor, and manufacturing overhead-and it summarizes the portions of those costs that remain in ending Work in Process inventory and that are transferred out of Work in Process into Finished Goods. True False In the Schedule of Cost of Goods Manufactured, Raw materials used in production = Beginning raw materials inventory + Purchases of raw materials - Ending raw materials inventory. True False
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