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Required information Problem 2 - 1 A ( Algo ) Computing job costs and overhead rate; assigning costs to inventory LO C 1 , P
Required information
Problem A Algo Computing job costs and overhead rate; assigning costs to inventory LO C P
The following information applies to the questions displayed below.
At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs.
Additional Information
a Job was started in May, and the following costs were assigned to it in May: direct materials, $; direct labor,
$; and applied overhead, $ Job was finished in June.
b Job and Job were started in June; Job was finished in June, and Job is to be completed in July.
c Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate
did not change across these months.
Problem A Algo Part
Required:
What is the total cost of direct materials requisitioned in June?
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