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CandyMan Manufacturing Uses a Process-Cost System and Computes Cost Using

question 117

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CandyMan Manufacturing uses a process-cost system and computes cost using the weighted average costing method. During the current period, the beginning Work-in-Process Inventory Inventory cost was $15,000. Manufacturing cost added was $65,000. Suppose CandyMan's ending Work-in-Process Inventory Inventory was valued at $22,000. What must have been the cost of goods transferred?

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