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please solve and show steps, im confused USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT QUESTION Meyers Corporation had the following inventory balances at the
please solve and show steps, im confused
USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT QUESTION Meyers Corporation had the following inventory balances at the beginning and end of November: Raw Materials...... Finished Goods Work in Process November 1 $17,000 $50,000 $9,000 November 30 $20,000 $44,000 $11,000 The company's predetermined overhead rate was $8 per direct labor-hour, and it paid its direct labor workers $10 per hour. A total of 300 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. 33. The direct materials cost in the November 1 Work in Process inventory account totaled: A. $6,600 B. $6,000 C. $3,600 D. $3,000Step by Step Solution
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