Question
The flow of manufacturing costs through the ledger accounts of Inferior ;afes, Inc., in the current year is illustrated elow in summari?ed form: Materials InventoryWork
The flow of manufacturing costs through the ledger accounts of Inferior ;afes, Inc., in the current year is illustrated "elow in summari?ed form: Materials InventoryWork in Process Inventory others re=uire short computations. ';how all computations.) a. Purchases of direct materials. b. The cost of direct materials used. c. Direct la"or costs assigned to production. d. The year?end lia"ility for direct wages paya"le. e. The o?erhead application rate in use throughout the year, assuming that o?erhead is applied as a percentage of direct la"or costs. f. Total manufacturing costs charged to the ?or- in Process In?entory account during the current year. ?. The cost of finished goods manufactured. h. The year?end "alance in the ?or- in Progress In?entory account. i. The cost of goods sold. $. The total amount of in?entory listed in the year?end "alance sheet
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