A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts,...
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Accounting
A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used Work in Process Inventory Beginning WIP 92,200 Direct materials Direct labor Applied overhead To finished goods Ending WIP 119,900 Factory Overhead 92,200 Finished Goods Trento Bonning FG 108,300 297,600 Ending 130,100 2,980 275,800
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