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QUESTION 2 Materials inventory account and materials purchases are for direct materials only. Indirect materials used...

QUESTION 2

  1. Materials inventory account and materials purchases are for direct materials only. Indirect materials used are not credited to this account. Property taxes are treated as production costs.  

    The direct materials used is , the total manufacturing costs for the period is , the total COGM is  and the total COGS is .

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COGM & COGS.

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