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The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning Finished goods, beginning Cost of goods manufactured Cost
The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning Finished goods, beginning Cost of goods manufactured Cost of goods sold (not considering over- or underapplied overhead) Sales Predetermined overhead rate based on direct materials used Costs incurred for the period $ 38,600 Raw materials purchases 13,000 Direct materials used 9,350 Direct labor used 95,890 Factory overhead (actual) Indirect materials used 83,800 100,600 Indirect labor used Other overhead costs 80% 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. 2. Compute overapplied or underapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. Required 1 Required 2 Complete the T-accounts for each of the three inventory accounts using the data pri Raw Materials Inventory 0 Finished Goods Inventory 0 Work in Process Inventory 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute overapplied or underapplied overhead.
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