Direct materials are 30% of the year’s manufacturing costs incurred. The beginning work-in-process is 125% of the ending
Posted: Mon May 30, 2022 8:03 am
Direct materials are 30% of the year’s manufacturing costs
incurred. The beginning work-in-process is 125% of the ending work
in process. Labor and overhead costs totaled $56,000 and the
cost of goods manufactured is $90,000. Direct materials cost
is:
a. $34,000
b. $27,000
c. $30,000
d. $24,000
e. None of the above
incurred. The beginning work-in-process is 125% of the ending work
in process. Labor and overhead costs totaled $56,000 and the
cost of goods manufactured is $90,000. Direct materials cost
is:
a. $34,000
b. $27,000
c. $30,000
d. $24,000
e. None of the above