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Number 7 The following partibly complete T-sccounts for the month of June along with addeional information aro from Rentrew 8 Company: Additional information for June
Number 7
The following partibly complete T-sccounts for the month of June along with addeional information aro from Rentrew 8 Company: Additional information for June follows - Manufscturing overhesd is applied at 90 percent of direct labor cost. - Oirect labonhours recorded on jobs in June totaled 3,900. - During the month, sales revenue was $351,000, and seling and administrative costs were $67,000. - The labor wage rate was $25 per hour. - This company uses no indirect materials or supplies. - Any products returned by customets are discarded and not resold Required: a. What cost amount of direct materials was issued to production during June? b. How much manufacturing overhead was applied to peodocts during June? c. What was the cost of products completed during June? d. What was the balance of the Work-in-Process inventory account at the end of June? e. What was the over-or underappled manufacturing overtsead for June? t. What was the operating profit foss) for June? Ary over- or underappled overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. What cost amount of direct materiais was issued to prosuction during zune Step by Step Solution
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