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2.What was the March 1 balance in the Raw Materials inventory? 3.What is the amount of direct materials cost in the March 31 work in
2.What was the March 1 balance in the Raw Materials inventory?
3.What is the amount of direct materials cost in the March 31 work in process inventory account?
I need this answers in 40 minutes please and thanks
Required information Mallet Company has only Job 844 in process on March 1 of the current year. The job has been charged with $2,000 of direct material cost, $2,100 of direct labour cost, and $1,750 of manufacturing overhead cost. The company assigns overhead cost to jobs at a predetermined rate of 70% of direct labour cost. Any under- or overapplied overhead cost is closed out to Cost of Goods Sold at the end of the month. During March, the following activity and amounts were recorded by the company: Raw materials (all direct materials): Labour: Inventories: Work in Process inventory contains $5,150 of direct labour cost. What is the cost of goods manufactured for MarchStep by Step Solution
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