Essay
Taylor Industries had a fire and some of its accounting records were destroyed.Available information is presented below for the year ended December 31.
Additional information:
Factory overhead is 150% of direct labor cost
Finished goods inventory decreased by $18,000 during the year Work in process inventory increased by $12,000 during the year
Calculate:
a Materials inventory, January 1
b Direct labor cost
c Factory overhead incurred
d Cost of goods sold
Correct Answer:
Verified
a Materials inventory, January 1 = $15,0...View Answer
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Correct Answer:
Verified
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