Accounting

Cost flous Integrated Decisions manufactures hardware for local-anea netwoks The firm applies overhead to jobs at a rate of 120 percent of direct labor cost On December 31, 2003, a flood destroyed many of the firm's computerized cost records. Only the following information for 2003 was available from the records, -- Work in Process Inventory Beg. bal. 14,000 Direct labor 45,000 Direct Material Inventory Beg. bal. 6,150 ? Direct mat 2,050 12,000 Finished Goods Inventory Cost of Goods Sold Beg. bal. 22,500 completed? 21,000 Goods 342,500 As the accountant of Integrated Decisions, you must find the following a. Cost of goods sold for the year b. Cost of goods completed during the year. c. Cost of direct material used during the year. d. Amount of applied factory overhead during the year. e. Cost of direct material purchased during the year. PUT YOUR ANSWER HERE A