Reedy Company reports the following information for 2012:   Cost of goods manufactured $68,250 Direct materials used   27,000 Direct labor incurred   25,000 Work in process inventory, January 1, 2012   11,000    Factory overhead is 75% of the cost of direct labor.  Work in process inventory on December 31, 2012, is: Group of answer choices $8,500 $16,250 $18,750 $13,500

Q: At the beginning of the current year, Tesla Company's work in process inventory account had a…

A: Cost of Goods Manufactured :— The cost of goods manufactured is the calculation of a company's total…

Q: P2-4 The following data are available for White Company during the month of July 2015: P 95,000…

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A: Hi student Since there are multiple questions, we will answer only first question.

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A: Formulas for the below given table:

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A: a. Predetermined OH rate = Factory overhead / Direct labor = $20,000 / $10,000 = $2

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A: Job 306 Job 307 Job 308 Total In March:         Direct Material 27000 40000   67000 Direct…

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A: The correct answer is $47,300.

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A: The solution is here below

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A:

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A:

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A: Direct materials used = Opening balance of materials + Direct materials purchased - Closing balance…

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A: Manufacturing cost means the cost which is incurred in factory or related with production of goods…

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Q: 29. Tippy Cup Co. also incurred $10,550 for factory overhead and 250 hours of direct labor at $10.30…

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A: cost of goods manufactured statement: Particulars Amount$ Direct material used…