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Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost of goods completed Cost of goods sold Beginning direct
Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost of goods completed Cost of goods sold Beginning direct materials inventory Beginning WIP inventory Beginning finished goods inventory $148,000 84,000 134,000 147,000 290,000 249,000 31,000 67,000 50,000 Overhead application rate, as a percent of 150 percent direct-labor costs The endina balance of direct materials inventorv is
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