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A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 111,800
A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 111,800 100,620 Work in Process Inventory Beginning WIP 111,800 Direct materials Direct labor 2 Applied overhead 2 To finished goods Ending WIP 145,400 Finished Goods Inventory Beginning FG 131,200 360,500 Ending FG 157,600 334,100 Multiple Choice o $191,200 O $41,930 O $33,600 O $318,570. O $360,500
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