Wildhorse Company purchases $65,000 of raw materials on account, and it incurs $78,000 of factory...
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Accounting
Wildhorse Company purchases $65,000 of raw materials on account, and it incurs $78,000 of factory Labor cost. Supporting records show that (a) the assembly department used 31,000 of direct materials and $45,000 of direct labor, (b) the finishing department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor cost
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