#1

A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 108,700 97.830 Work in Process Inventory Beginning WIP 108,700 Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 141,400 Finished Goods Inventory Beginning FG 127,700 350,900 Ending FG 153,500 325,100