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PLEASE SHOW ALL YOUR STEPS FOR THE SOLUTION Everett Corporation is a labor-intensive company. It began the month of January with Job # 101 in
PLEASE SHOW ALL YOUR STEPS FOR THE SOLUTION
Everett Corporation is a labor-intensive company. It began the month of January with Job \# 101 in production. Costs charged to the Job \# 101: direct materials, \$300; direct labor, $1,200; and manufacturing overhead, $540. The company reports the following cost data for December: POHR=1200540%DLoverheelDLhouc=hr8 At the end of January, job \# 103 was the only job that remained in production and the company manage to sell Job \# 102 for $15,450. REOUIRED: b) Compute the amount of manufacturing overhead that would be applied to each job in January. c) Compute the cost of Work in Process Inventory at January 31. Job 103 d) Compute the cost of Finished Goods Inventory at January 31. Jab 101 e) Compute the gross profit for 0J#102. 154508450=80700Step by Step Solution
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