The Ruswell Manufacturing Company applied manufacturing overhead to inventory at December 31, 2011, on the basis of

Question:

The Ruswell Manufacturing Company applied manufacturing overhead to inventory at December 31, 2011, on the basis of $3.47 per direct labor hour. Explain how you will evaluate the reasonableness of total direct labor hours and manufacturing overhead in the of finished goods.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...