Danica Corp. provided the following inventory balances and cost month of June. Junel June 3 Direct Materials 30,000 40,000 Work in Process 15,000 20,000 Finished Goods 65,000 50,000 Production data for the month of Jue follows: 515,000 Cost of goods manufactured Factory overhead applied 150,000 190,900 Direct materials used Actual factory overhead 144.000
Danica Corp. provided the following inventory balances and cost month of June. Junel June 3 Direct Materials 30,000 40,000 Work in Process 15,000 20,000 Finished Goods 65,000 50,000 Production data for the month of Jue follows: 515,000 Cost of goods manufactured Factory overhead applied 150,000 190,900 Direct materials used Actual factory overhead 144.000
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 10P: Aero Aluminum Inc. uses a process cost system. The records for May show the following information:...
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Compute for the cost of goods manufactured using normal costing.
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