Question
Wages payable increased by $200,000 this year. In the work in process account, the following data is seen: beginning bal of $150,000, direct materials of
Wages payable increased by $200,000 this year. In the work in process account, the following data is seen: beginning bal of $150,000, direct materials of $35,000, direct labor of $70,000, and overhead of $150,000, and an ending bal of $30,000.
a. How much is indirect labor cost
b. How much is the cost of goods manufactured?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
