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IIA Exam IIA-ACCA Topic 6 Question 41 Discussion
Actual exam question for
IIA's
IIA-ACCA exam
Question #: 41
Topic #: 6
[All IIA-ACCA Questions]
Topic #: 6
The following transactions and events occurred during the year:
- $300,000 of raw materials were purchased, of which $20,000 were returned because of defects
- $600,000 of direct labor costs were incurred.
- S750.000 of manufacturing overhead costs were incurred.
What is the organization's cost of goods sold for the year?
Suggested Answer:
B
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