Smith Company Reports the Following Information:?Cost of Goods Manufactured$68,250Direct Materials
Multiple Choice
Smith Company reports the following information:?Cost of goods manufactured$68,250Direct materials used27,000Direct labor incurred25,000Work in process inventory, January 111,000?Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is
A) $16,250
B) $8,500
C) $18,750
D) $13,500
Correct Answer:
Verified
Correct Answer:
Verified
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