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Managerial Accounting

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Moderate

Computing Manufacturing Costs Incurred

MGRACT-P94KQX

The following information pertains to Kralick Company:

Beginning finished goods - \$32,000
Beginning work in process - \$21,200
Selling & administrative expenses - \$17,000
Gross profit - \$42,000
Cost of goods manufactured - \$328,000
Ending work in process - \$16,500
Ending finished goods - \$40,000

Determine manufacturing costs incurred during the year (in $).