Manufacturing Costs. The work in process account of Bamersmith Company showed: LO1 Work in Process Materials $15,500

Question:

Manufacturing Costs. The work in process account of Bamersmith Company showed: LO1 Work in Process Materials

$15,500 Finished goods $37,500 Direct labor 14,750 Factory overhead 11,800 Materials charged to the one job still in process amounted to $3,200. Factory overhead is applied as a predetermined percentage of direct labor cost.

Required: Compute the following:

(1) The amount of direct labor cost in finished goods.

(2) The amount of factory overhead in finished goods.

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