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bananas87 bananas87
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A year ago
Logan's Enterprises reported the following data for May.

Beginning balance, Direct Materials Inventory$  45,000
Beginning balance, Work in Process Inventory52,000
Beginning balance, Finished Goods Inventory62,000
Ending balance, Direct Materials Inventory47,000
Purchase of direct materials92,000
Direct labor48,000
Manufacturing overhead applied42,000
Cost of goods manufactured200,000
Cost of Goods Sold220,000

Required:

a.What is the cost of direct materials were used in production?
b.What are the total manufacturing costs for the month of May?
c.What is the ending balance in the Finished Goods Inventory account?
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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damien03damien03
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A year ago
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bananas87 Author
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A year ago
Just got PERFECT on my quiz
elizabetheldrid
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Yesterday
Thanks
7.prime7105
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2 hours ago
Smart ... Thanks!
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