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Wondering if someone can help me with this. XYZ Corporation MILESTONE 3 - Statement of Cost of Services INSTRUCTIONS: The following are the actual numbers
Wondering if someone can help me with this.
XYZ Corporation MILESTONE 3 - Statement of Cost of Services INSTRUCTIONS: The following are the actual numbers for January Materials Purchased $5,000 of Materials Consumed 40% of those purchased materials Direct Labor Direct Labor was $6,240 Overhead Overhead was $2,800 XYZ Corporation Statement of Cost of Services For the Month Ended January 31, xxxx Beginning Work in Process Inventory C Direct Materials: Materials Beginning Add: Purchases for month of January 0 Materials Available for Use Deduct: Ending Materials Materials Used Direct Labor Overhead Total Service Costs Deduct: Ending Work in Process Inventory 0 Cost of Services S Cost of Goods Sold Cost of Services There is no finished goods inventory to maintainStep by Step Solution
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