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SurfsUp Specialty Products Has the Following Inventory Account Balances and Related

question 28

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SurfsUp Specialty Products has the following inventory account balances and related manufacturing cost flow information for the month of October:  Raw Materials, October 1$20,000 Raw Materials, October 31$25,000 Work in Process, October 1$45,000 Work in Process, October 31$40,000 Finished Goods, October 1$68,000 Finished Goods, October 31$62,000Raw materials purchased?Raw materials used$75,000Direct labor incurred?Manufacturing overhead incurred$120,000Cost of goods manufactured$300,000Cost of goods sold?\begin{array}{lll}\text { Raw Materials, October } 1 & \$ 20,000 \\\text { Raw Materials, October } 31 & \$ 25,000 \\\text { Work in Process, October } 1 & \$ 45,000 \\\text { Work in Process, October } 31 & \$40,000 \\\text { Finished Goods, October } 1 & \$ 68,000 \\\text { Finished Goods, October } 31 & \$ 62,000\\\text {Raw materials purchased}&?\\\text {Raw materials used}&\$75,000\\\text {Direct labor incurred}&?\\\text {Manufacturing overhead incurred}&\$120,000\\\text {Cost of goods manufactured}&\$300,000\\\text {Cost of goods sold}&? \end{array}

Direct labor incurred in October is:


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