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Use the Following Information to Compute the Following Items (ACalculate the Cost of Materials Used
(B

Question 144

Essay

Use the following information to compute the following items:
 Beginning raw materials $5,600 Ending raw materials 4,200 Direct labor 17,250 Raw material purchases 7,400 Depreciation on factory equipment 6,750 Factory repairs and maintenance 3,300 Beginning finished goods inventory 10,800 Ending finished goods inventory 8,900 Beginning goods in process inventory 5,350 Ending goods in process inventory 6,300OH application rate 60% of DL \begin{array}{lr}\text { Beginning raw materials } & \$ 5,600 \\\text { Ending raw materials } & 4,200 \\\text { Direct labor } & 17,250 \\\text { Raw material purchases } & 7,400 \\\text { Depreciation on factory equipment } & 6,750 \\\text { Factory repairs and maintenance } & 3,300 \\\text { Beginning finished goods inventory } & 10,800 \\\text { Ending finished goods inventory } & 8,900 \\\text { Beginning goods in process inventory } & 5,350 \\\text { Ending goods in process inventory } & 6,300 \\O H \text { application rate } & 60 \% \text { of DL }\end{array}
(A.Calculate the cost of materials used
(B.Calculate the manufacturing costs incurred during the period.
(C.Calculate the Cost of Goods Manufactured during the period.
(D.Calculate the Cost of Goods Sold during the period.
(E.Calculate the amount by which overhead is under- or overapplied.

Correct Answer:

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A.$5,600 +$7,400 - $4,200 = $8,800
B.MCI...

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