Question
The Atis Corporation manufactures one product and accounts for cost by a job-order costsystem. You have obtained the following information for the year ended December
The Atis Corporation manufactures one product and accounts for cost by a job-order costsystem. You have obtained the following information for the year ended December 31, 2018from the Corporation's book and records:Total manufacturing cost added during 2018based on actual direct materials, actual direct labor and applied factory overhead on actual direct labor costP1,000,000Cost of goods manufactured based on actual direct materials and direct labor and applied factory overhead970,000Applied factory overhead to work in process based on direct labor cost75%Applied factory overhead for the year, based on total manufacturing cost27%Beginning work in process inventory was 80% of ending work in process inventory. What isthe cost of direct materials used for year ended December 31
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