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Chapter 19 [The following information applies to the questions displayed below. Winfrey Co's March 31...

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Accounting

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Chapter 19 [The following information applies to the questions displayed below. Winfrey Co's March 31 Inventory of raw materials is $120,000. Raw materials purchases in April are $450,000, and factory payroll cost in April is $232,000. Overhead costs incurred in Aprii are: Indirect materials, $32,000, Indirect labor, $13,000, factory rent, $24,000, factory utilities, $10,000; and factory equipment depreciation, $36,500. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $320,000 cash in April. Costs of the three jobs worked on in April follow Job 306 307 Job 308 Balances on March 31 Direct materials Direct labor Appled overhead s 9,000 19,000 9,500 20,00o 11,000 125,000.500 55,000 Costs during April Direct materials Direct labor Applied overhead 150,00075,000 120,000 44,000 Status on Aprl 30 Finished (sold) Finished (unsold) in process 10.00 points

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