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Partial operating data for a Company follow. Chapter 1 7 marks Partial operating data for a Company follow. It has set the predetermined overhead rate
Partial operating data for a Company follow. Chapter
marks
Partial operating data for a Company follow.
It has set the predetermined overhead rate for the current year at
percent of Direct Labor costs. Required:
a Compute the unknown values, showing all your computations;
b Additionally, support your answers using Taccounts;
c Finally, make a Statement of Cost of Goods Manufactured;
$
Finished Goods Inventory, Ending
It has set the predetermined overhead rate for the current year at percent of Direct Labor costs. Required:
a Compute the unknown values, showing all your computations;
b Additionally, support your answers using Taccounts;
c Finally, make a Statement of Cost of Goods Manufactured;
$
Beginning Materials Inventory, a
Beginning Work in Process Inventory
Beginning Finished Goods Inventory
Direct Materials Used
Materials Purchased
Direct Labor Costs
Manufacturing Overhead Applied b
Cost of Units Completed c
Cost of Goods Sold
Ending Materials Inventory
Work in Process Inventory, Ending d
Finished Goods Inventory, Ending
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