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Smith Company reports the following information: Cost of goods manufactured $69,000 Direct materials used 30,000 Direct labor incurred 26,000 Work in process inventory, January
Smith Company reports the following information: Cost of goods manufactured $69,000 Direct materials used 30,000 Direct labor incurred 26,000 Work in process inventory, January 1 13,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is Oa. $13,500 Ob. $8,500 c. $19,500 O d. $16,250
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
