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Freeman Furnishings has summarized its data as shown: Freeman Furnishings has summarized its data as shown: Depreciation of factory building $94,000 Factory real estate taxes
Freeman Furnishings has summarized its data as shown:
Freeman Furnishings has summarized its data as shown: Depreciation of factory building $94,000 Factory real estate taxes $15,000 Factory utility expenses $85,000 Indirect materials $32,000 Indirect labor $25,000 Direct labor cost $87,000 Direct labor hours incurred 23,500 Estimated direct labor hours 24,000 Raw material purchased $350,000 Raw material, beginning inventory $20,000 Raw material, ending inventory $26,000 Work in process, beginning inventory $49,000 Work in process, ending inventory $67,000 Estimated overhead $264,000 Compute the cost of goods manufactured, assuming that the overhead is allocated based on direct labor hoursStep by Step Solution
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