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I am struggling on how to fill out the boxes Freeman Furnishings has summarized its data as shown: Depreciation of factory building $105,000 Factory real
I am struggling on how to fill out the boxes
Freeman Furnishings has summarized its data as shown: Depreciation of factory building $105,000 Factory real estate taxes $16,000 Factory utility expenses $82.500 Indirect materials $32,000 Indirect labor $25,000 Direct labor cost 585.500 Direct labor hours incurred 22.000 Estimated direct labor hours 22.500 Raw materials purchased $330.000 Raw materials, beginning inventory $28,500 Raw materials, ending inventory $28,000 Work in process, beginnng inventory $52,000 Work in process, ending inventory $68,000 Estimated overhead $280,000 Compute the cost of goods manufactured, assuming that the overhead is allocated based on direct labor hours. Round the predetermined overhead rate to the nearest cont 2 decimal places Round all other answers to whole numbers Predetermined overhead rate 5 Overhead applied 15 Raw Materials Materials used in production $ Work in Process inventory 5 5 5 Total Manufacturing costs Added Step by Step Solution
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