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Wk 3 Apply Quiz (due Day 7 4 Luke's Lubricants starts business on January 1. The following operations data are available for January for
Wk 3 Apply Quiz (due Day 7 4 Luke's Lubricants starts business on January 1. The following operations data are available for January for the one lubricant it produces Gallons Beginning Inventory Started in January 157,000 15 Ending work-in-process inventory (80% complete) 13,000 points Costs incurred in January follow allook References Materials Labor $244,400 23,000 00,000 Manufacturing overhead All production at Luke's is sold as it is produced (there are no finished goods inventories Required: a. Compute cost of goods sold for January (Do not round intermediate calculations.) b. What is the value of work-in-process inventory on January 31? (Do not round intermediate calculations.) a Cost of goods sold for January b Work-in-process inventory on January 31 Help Save & Ext Submit
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