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On March 1 , OCFF had two jobs in process with the following costs: Source documents revealed the following during March: The company applies overhead
On March OCFF had two jobs in process with the following costs:
Source documents revealed the following during March:
The company applies overhead to products at a rate of percent of direct labor cost.
Required:
Compute the cost of Jobs and at the end of the month.
Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at monthend.
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