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The following transactions and events occurred during the year:- $300,000 of raw materials were purchased,...

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?

A.

$1.480.000

B.

$1 500 000

C.

$1,610.000

D.

$1650 000

IIA IIA-ACCA Summary

  • Vendor: IIA
  • Product: IIA-ACCA
  • Update on: Jul 29, 2025
  • Questions: 604
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