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LIULIU LUDUCUllulelee need some help FLOW OF COSTS PRACTICE PROBLEM Drew Corp. designs and manufacturers mascot uniforms for high school, college, and professional sports teams.

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LIULIU LUDUCUllulelee need some help FLOW OF COSTS PRACTICE PROBLEM Drew Corp. designs and manufacturers mascot uniforms for high school, college, and professional sports teams. During the year, the following events occurred: a. Drew purchased raw materials costing $86,000 on account. b. Drew used $93,000 of raw materials in production. Of these, 70% were classified as direct materials and 30% as indirect materials. c. Drew used 31,200 hours of direct labor. The company's average direct labor rate was $7.50 per hour. d. The company hired a security guard to watch the shop after hours. The guard's annual salary was $25,000 e. The company spent $105,000 on other manufacturing overhead costs. f. Applied manufacturing overhead was $157,900. The company completed production of goods costing $326,000. h. Drew sold uniforms costing $303,750 for $425,000 on account. tps://courseware kedu/courses/1/4209-16121/content/_8532737_1/CHAPTERAAVIRTUALECTURE3.html Type here to search O AE E Total Manufacturing Costs Ending Balance of Work in Process Inventory Ending Balance of Finished Goods Inventory Gross Profit on the Income Statement Check Answer Flow of Cos... Watch later Share

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