Summit manufacturing had $10,000 of direct materials on hand at the beginning of the year and $9,000 on hand at the end of the year. during the year, the company purchased $42,000 of direct materials, and incurred $22,000 of direct labor and $17,000 of manufacturing overhead. the company had $26,000 of inventory in work-in-process inventory at the beginning of the year and $12,000 at the end of the year. what is the cost of goods manufactured for the year?
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Summit manufacturing had $10,000 of direct materials on hand at the beginning of the year and $9,000...
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