Question
Payne Company developed the following data for the current year: Beginning work in process inventory $ 68,000 Direct materials used 104,000 Actual overhead 88,000 Overhead
Payne Company developed the following data for the current year: Beginning work in process inventory $ 68,000 Direct materials used 104,000 Actual overhead 88,000 Overhead applied 92,000 Cost of goods manufactured 450,000 Total manufacturing costs 428,000
1. How much is Payne Company's direct labour cost for the year?
2. How much is Payne Company's ending work in process inventory for the year?
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Financial Accounting
Authors: Alan Melville
2nd Edition
0273634399, 978-0273634393
