Cost of Goods Manufactured
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Beginning raw materials inventory
1
Add: Beginning work in process inventory
10
Deduct: Ending work in process inventory
11
Cost of goods manufactured
12
Add: Purchases of raw materials
2
Total raw materials available
3
Deduct: Ending raw materials inventory
4
Raw materials used in production
5
Deduct: Indirect materials included in manufacturing overhead
6
Direct labor
7
Manufacturing overhead applied to work in process
8
Total manufacturing costs
9
