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Please show all the work! Thanks Job #2365 incurred the following during production Direct Materials: Manufacturing Labor: Packaging materials: Packing and shipping labor: $25,000 45
Please show all the work! Thanks
Job #2365 incurred the following during production Direct Materials: Manufacturing Labor: Packaging materials: Packing and shipping labor: $25,000 45 hrs. $1,000 5 hrs. The following data is also available for the company: Overhead costs for the period Indirect Labor (machine maintenance) $3,000 20 hrs. The company incurs costs at the following rates: Manufacturing labor: Auxiliary labor (maintenance, packaging, etc.) Overhead allocation $20/hr $15/hr $3 per dollar of manufacturing labor Given this information, what was the total cost of the job that was transferred from Work in Process Inventory to the Finished Goods InventoryStep by Step Solution
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