Use the following information for the next 4 questions.
Rayfield Company's management accountant collected the following inventory and transaction data for the month: The cost of goods available for sale was $1,370. Total manufacturing costs assigned to work-in-process during the month was $1,170. Manufacturing overhead was $334; and direct materials used were $386.
-The following activity took place in the past year: The under- or overapplied overhead for the year was

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Use the following information for the next 4 questions.
Rayfield Company's management accountant collected the following inventory and transaction data for the month:  The cost of goods available for sale was $1,370. Total manufacturing costs assigned to work-in-process during the month was $1,170. Manufacturing overhead was $334; and direct materials used were $386.
-The following activity took place in the past year:  The under- or overapplied overhead for the year was

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The Answer of Use the following information for the next 4 questions.
Rayfield Company's management accountant collected the following inventory and transaction data for the month:  The cost of goods available for sale was $1,370. Total manufacturing costs assigned to work-in-process during the month was $1,170. Manufacturing overhead was $334; and direct materials used were $386.
-The following activity took place in the past year:  The under- or overapplied overhead for the year was

Use the Following Information for the Next 4 Questions