The Work in Process Inventory account of a manufacturing company has a $3,400 debit balance....
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Accounting
The Work in Process Inventory account of a manufacturing company has a $3,400 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $1,520 and direct labor cost of $840. Therefore, the amount of applied overhead is:
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You can see the logs in the Dashboard.