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1. On March 5 the Sirap Co. purchased 300 units of raw materials at $12 per unit. On March 10 the Co. purchased 500 units
1. On March 5 the Sirap Co. purchased 300 units of raw materials at $12 per unit. On March 10 the Co. purchased 500 units at $15 per unit. Calculate the total cost of materials purchased. 2. During March the Sirap Co. accumulated 600 hours of labor costs on job 201 at $14 per hour and 500 hours of labor on job 202 at $18 per hour. Calculate the total labor costs for the month of March. 3. The Sirap Co estimates that total factory overhead costs for March are at $200000. Direct labor hours are estimated to be 25000 for March. Required for Sirap Co. A) Determine the predetermined factory overhead rate using the Direct Labor Hour method. Using the data on direct labor hours from part 2, calculate the amount of factory overhead applied to jobs 201 and 202. (Hint the hours are 600 on job 201 and 500 on job 202.) 4. Ebony Co: A) Calculate the cost of goods Manufactured.B) Cost of goods Sold. July 20XX Cost of direct materials used in production $67,200 Direct Labor 88,000 Factory Overhead 44,800 Work in Process Inventory July 1 32,800 Work in Process Inventory July 31 29600 Finished Goods Inventory July 1 37,600 Finished Goods Inventory July 31 27,200
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