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  3. direct labor costs incurred = cost of goods manufa

Direct labor costs incurred = Cost of goods manufactured + Ending Work...

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Accounting

Direct labor costs incurred = Cost of goods manufactured + Ending Work in Process Inventory Beginning Work in Process Inventory + Direct Material
Can someone please explain how the equation works. How do you calculate direct labor by adding and subtracting values that contain either labor and material (WIP) or just material amounts?

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