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A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Goods in Process
A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.
Goods in Process Inventory Finished Goods Inventory Beg. Bal 118,200 Beg Bal 100,800 D.M D.L 324,800 301,000 End Bal 131.040 End Bal. 142,000 Factory Overhead 93,240 90,720
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