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Soapy's Suds makes and sells root beer. Its beginning Work-in-Process Inventory was $12,000 and the ending Work-in- Process Inventory was $10,000. During the year,
Soapy's Suds makes and sells root beer. Its beginning Work-in-Process Inventory was $12,000 and the ending Work-in- Process Inventory was $10,000. During the year, Soapy used $45,000 of direct materials and Incurred $30,000 of direct labor in production. Its cost of goods manufactured for the period was $97,000. How much manufacturing overhead did Soapy Incur during the period?
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
