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Comet Company accumulated the following account information for the year: Beginning raw materials inventory $ 5,300 Indirect materials cost 1,300 Indirect labor cost 4,300 Maintenance
Comet Company accumulated the following account information for the year:
Beginning raw materials inventory | $ | 5,300 | |
Indirect materials cost | 1,300 | ||
Indirect labor cost | 4,300 | ||
Maintenance of factory equipment | 2,100 | ||
Direct labor cost | 6,300 | ||
Using the above information, total factory overhead costs would be:
Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:
Work in Process, January 1 | $ | 53,000 | |
Work in Process, December 31 | 38,500 | ||
Total Factory overhead | 7,000 | ||
Direct materials used | 14,000 | ||
Direct labor used | 28,000 | ||
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