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Only LCD produces screens for use in various smarphones. The company reports the following information at December 31. Only LCD began operations on January
Only LCD produces screens for use in various smarphones. The company reports the following information at December 31. Only LCD began operations on January 31 earlier that same year. (Click the icon to view additional information Read the requirements Requirements Red The 1. What is the cost of direct materials used? Re 2. What is the cost of indirect me? 3. What is the cast of direct labor? Th What is the cost of indirect labor? 5. What is the cost of goods manufactured 6. What is the cost of goods sold (before adjusting for any under-or overallocated manufacturing overhead 7. What is the actual manufacturing overhead? How much manufacturing overhead was allocated to jobs? 9. What is the predetermined manufacturing overhead rate as a percentage of Grect labor co 10. manufacturing overhead underallocated or overaloceled? By how much? Print Done More info Work in Process Inventory Wages Payable Manufacturing Overhead 26.000 126.000 79000 79,000 60.500 42.000 Balance 0 6.500 42.000 18.500 37.000 Print Done Finished Goods Inventory 128,000 113,500 Raw Materials Inventory 53.000 32.500
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