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There is a version of this question on Chegg already but following that method got me the wrong answer, just looking where I went wrong.
There is a version of this question on Chegg already but following that method got me the wrong answer, just looking where I went wrong.
Freeman Furnishings has summarized its data as shown: Depreciation of factory building $72,000 Factory real estate taxes $15,000 Factory utility expenses $85,000 Indirect materials $32,000 Indirect labor $25,000 Direct labor cost $83,000 Direct labor hours incurred 21,500 Estimated direct labor hours 22,000 Raw material purchased $360,000 Raw material, beginning inventory $20,000 Raw material, ending inventory $26,000 Work in process, beginning inventory $49,000 Work in process, ending inventory $69,000 Estimated overhead $242,000 Compute the cost of goods manufactured, assuming that the overhead is allocated based on direct labor hours. $ 621,500 XStep by Step Solution
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