The following flowchart shows the August production activity of the Jez Company. Use the amounts shown on
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The following flowchart shows the August production activity of the Jez Company. Use the amounts shown on the flowchart to compute the missing four numbers identified byblanks.
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Production Beginning goods in process S34,500 Direct materials Direct labor S94,500 Factory overhead $102,600 Total costs in process in Ending goods in process $12,000 Costs transferred to finished goods Ending finished goods inventory $45,000 Warehouse Beginning finished Cost of goods goods inventory available for sale $36,000 Cost of goods sold $463,800
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Key to solution of flowchart To solve this problem the missing items must be solved in reverse order ...View the full answer
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