Question
A company's overhead rate is 200% of direct labor cost. Using the following unfinished accounts, determine the cost of direct materials used. Work in Process
A company's overhead rate is 200% of direct labor cost. Using the following unfinished accounts, determine the cost of direct materials used.
Work in Process Inventory
Beginning WIP 55,000
Direct Materials ?
Direct Labor ?
Applied Overhead ?
To Finished Goods ?
Ending WIP 65,000
Factory Overhead
Beginning FG 45,000
270,000 275,000
Ending FG 40,000
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
978-0132928939
