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Compute the Cost of Goods Manufactured and Cost of Goods Sold for South Marine Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials.

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Answer:

The question is missing the figures required to compute of goods manufactured and costs of goods sold

I have the details missing in the excel file attached.

Costs of goods manufactured=$232000

Costs of goods sold=$224,000

Explanation:

Find the detailed calculations in the attached.

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