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  3. compute the following amounts for the month of may

Compute the following amounts for the month of May using T-accounts: 1. Cost of direct...

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Accounting

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Compute the following amounts for the month of May using T-accounts: 1. Cost of direct materials used. 2. Cost of direct labor used. 3. Cost of goods manufactured. 4. Cost of goods sold: 5. Gross profit. 6. Overapplied or underapplied overhead. -Do not consider any underapplied or overapplled overhead. The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. Compute the following amounts for the month of May using T-accounts. 1. Cost of direct materisis used. 2. Cost of direct labor used. 3. Cost of goods manufactured. 4. Cost of goods sold: 5. Gross profit. 6. Overapplied or underapplied overhead. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Income sffement (partial) } \\ \hline & \\ \hline & \\ \hline & $ \\ \hline \end{tabular}

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