Use the following information for the Exercises below. (Static) Skip to question [The...

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Accounting

Use the following information for the Exercises below. (Static)
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[The following information applies to the questions displayed below.]
Note: Assume all raw materials were used as direct materials.
Beginning of Year End of Year
Inventories
Raw materials inventory $ 6,000 $ 7,000
Work in process inventory 12,0009,000
Finished goods inventory 8,0005,000
Activity during current year
Raw materials purchased $ 123,000
Direct labor 94,000
Factory overhead 39,000

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