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The Milo Company's records for May contained the following information: Actual direct labour hours Actual direct labour cost Direct material purchased Direct material used Cost
The Milo Company's records for May contained the following information: Actual direct labour hours Actual direct labour cost Direct material purchased Direct material used Cost of goods sold Overapplied overhead Ending inventories: Raw materials Work in process Finished goods 9,000 hours $47000 16,000 14.000 100,000 5,000 30,000 50,000 70.000 The company uses a predetermined overhead rate of $5.00 per direct labour hour to apply manufacturing overhead to jobs. The total cost added to Work in Process during May was. Multiple Choice $101000
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