Managerial Accounting #1

PROBLEM 1 (10 points) The information below has been taken from the cost records of TCo. for the past year: (use actual OH ) Direct materials used in production $326 Direct labor 225 Actual OH 125 Inventories: Beginning Ending Direct materials $75$85 Work in process 8030 a) Compute DM purchased. b) Prepare a statement of cost of goods manufactured for T Co. SHOW ALL COMPUTATIONS