Bravo Company provides you with the following information from its accounting records for the most..

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Bravo Company provides you with the following information from its accounting records for the most recent year:

Direct materials purchased ……………………………………………..$180,000

Work-in-process (beginning inventory)………………………………… $50,000

Direct materials (beginning inventory)…………………………………. $25,000

Finished goods (beginning inventory)………………………………….. $75,000

Finished goods (ending inventory) ………………………………………$50,000

Manufacturing overhead costs………………………… 40% of conversion costs

Revenues ……………………………………………………………….$500,000

Direct labor……………………………………………………………. $150,000

Prime costs…………………………………………………………….. $265,000

Gross margin percentage (gross margin as a % of revenues)………………. 25%

Required:

Calculate:

a. Cost of goods sold.

b. Cost of goods manufactured.

c. Manufacturing overhead costs.

d. The cost of materials used in production.

e. The ending balance in work-in-process (WIP) inventory.

Bravo Company provides you with the following information from its

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