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In June 2021, Forever 81 Corp. purchased materials costing $28,000, and incurred direct labor cost of $32,000. Manufacturing overhead was $20,000 for the month. Information
In June 2021, Forever 81 Corp. purchased materials costing $28,000, and incurred direct labor cost of $32,000. Manufacturing overhead was $20,000 for the month. Information on inventories was as follows.
4 In June 2021, Forever 81 Corp. purchased materials costing $28,000, and incurred direct labor cost of $32,000. Manufacturing overhead was $20,000 for the month. Information on inventories was as follows. Materials Work in Process Finished Goods June Beg $3,000 $1,000 $2,500 June End $2,700 $1,275 $1,775 a. Compute Direct Material Cost for the month. b. Compute manufacturing cost for the month. c. Compute Cost of Goods Manufactured for the month. d. Compute Cost of Goods Sold for the monthStep by Step Solution
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