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the following information for the next 5 questions (P.S. SHOW CALCULATIONS). DM. Raw Material WIP Work in Process F.G. Finished Goods Inventory Inventory Inventory
the following information for the next 5 questions (P.S. SHOW CALCULATIONS). DM. Raw Material WIP Work in Process F.G. Finished Goods Inventory Inventory Inventory Sept. 1 13,000 Sept. 1 4.500 Sept. 30 16,000 Overhead Accounts Cost Control Payable 14,800 8,000 Sept 30 The overhead is allocated to jobs using an estimated rate allocated based on direct labor hours. The MOH budget for the year called for $180,000 of overhead cost and 60,000 direct labor hours. DM Accounts payable is used for materials only. The balance on September 1 was $6,000. September's payments were $40,000. September 1 finished goods inventory was $11,000. Big finsheed good's Cost of jobs completed in September was $89,000.-> nd f. G On September 30 there was a single job unfinished, consisting of $1,800 (300 hours) of direct labor and $2,600 of direct material. 5,200 direct hours were worked during September. All workers earn the same rate of pay. All actual overhead costs incurred have been recorded. 1. How much were the Materials purchased in September? DM Big inventory + Purchanesed DM = Total avalible to use 6,000 + 83,000 = 89,000
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