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Inventories: Raw materials Work in process Finished goods Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process The cost of goods manufactured for July is: Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. $204,000 O $203,000 O $215.000 Beginning Ending $27.000 $30,000 $16,000 $17,000 $32,000 $47,000 $216.000 $ 66,000 $91,000 $ 59,000 8,000 $ 58,000

Inventories: Raw materials Work in process Finished goods Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process The cost of goods manufactured for July is: Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. $204,000 O $203,000 O $215.000 Beginning Ending $27.000 $30,000 $16,000 $17,000 $32,000 $47,000 $216.000 $ 66,000 $91,000 $ 59,000 8,000 $ 58,000

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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Please answer with detailed calculations and good formatting and make sure the answer is 100% correct, else leave it for the other tutor to answer. Otherwise i will downvote the answer and report it for uprofessionalism for sure. Please don't use AI or Chat GPT also make sure there is no plagiari.sm.  

Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process Beginning Ending $27,000 $30,000 $16.000 $17,000 $32,000 $47.000 $66.000 $91.000 $59.000 8,000 $ 58,000
Transcribed Image Text:Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process Beginning Ending $27,000 $30,000 $16.000 $17,000 $32,000 $47.000 $66.000 $91.000 $59.000 8,000 $ 58,000
Inventories: Raw materials Work in process Finished goods Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process The cost of goods manufactured for July is: $204,000 Beginning Ending $27.000 $30,000 $16,000 $17,000 $32,000 $47,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. O $203,000 O $215.000 O $216.000 $ 66,000 $91,000 $ 59,000 8,000 $ 58,000
Transcribed Image Text:Inventories: Raw materials Work in process Finished goods Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process The cost of goods manufactured for July is: $204,000 Beginning Ending $27.000 $30,000 $16,000 $17,000 $32,000 $47,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. O $203,000 O $215.000 O $216.000 $ 66,000 $91,000 $ 59,000 8,000 $ 58,000
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