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What is Total Manufacturing cost? Cost of goods manufactured? Cost of goods solds? Required information Exercise 3-27 Job-Order Costing Basics (LO 3-2, 3-4, 3-5, 3-6)
What is Total Manufacturing cost? Cost of goods manufactured? Cost of goods solds?
Required information Exercise 3-27 Job-Order Costing Basics (LO 3-2, 3-4, 3-5, 3-6) [The following information applies to the questions displayed below.] Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January Finished goods Work in process Raw material January 1 125,000 233,000 134,000 January 31 s 117,000 251,000 124,000 The following additional data pertain to January operations $191,000 350,000 170,000 115,000 aterial purchased Raw m Direct labor Actual manufacturing overhead Actual selling and administrative expenses The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the yearStep by Step Solution
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