Under Eagle Co.'s job costing system, manufacturing overhead is applied to Work-in-Process using a predetermined...
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Accounting
Under Eagle Co.'s job costing system, manufacturing overhead is applied to Work-in-Process using a predetermined annual overhead rate. During February, Eagle's transactions included the following:
Direct materials issued to production $90,000
Indirect materials issued to production 8,000
Manufacturing overhead incurred 125,000
Manufacturing overhead applied 113,000
Direct labor costs 107,000
Eagle hadneitherbeginningnorending inventory in Work-in-Process Inventory. What was the cost of jobs completed in February? (CPA adapted)
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