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A company's overhead rate is 150% of direct labor cost. Using the following incomplete accounts,...

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Accounting

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A company's overhead rate is 150% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Beg. Bal. Beg. Bal D.M DL OH Goods In Process Inventory 71,200 ? ? ? F G ? 101,650 Finished Goods Inventory 112,330 290,000 360,330 End. Bal. End. Bal 42,000 Factory Overhead 63,500 60,000 $220,450 $260,450 O $158,800 $102,780 $104,180

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