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Required information PR 3-48 (Algo) Job-Order Costing; Focus on Overhead and Cost Drivers (LO 3-2,...

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Accounting

image Required information PR 3-48 (Algo) Job-Order Costing; Focus on Overhead and Cost Drivers (LO 3-2, 3-4, 3-5, 3-7) [The following information applies to the questions displayed below.] Garcia, Incorporated, uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly Department performs a number of manual-assembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: The data that follow pertain to job number 775 , the only job in production at year-end. Selling and administrative expense amounted to $2,500,000. PR 3-48 (Algo) Part 2 Compute the cost of the company's year-end work-in-process inventory. 2. Compute the cost of the company's year-end work-in-process inventory

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