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Falkenstein Corporation uses a job-order costing system and has provided the following partially ...

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Falkenstein Corporation uses a job-order costing system and has provided the following partially ...

Falkenstein Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.

Raw Materials
Debit		Credit
Balance 1/1	14,000	Credits	?
Debits	140,000
Balance 12/31	23,000

Work In Process
Debit		Credit
Balance 1/1	16,000	Credits	420,000
Direct materials	106,000
Direct labor	12,000
Overhead applied	225,000
Balance 12/31	?

Required:
What was the cost of indirect materials requisitioned for use in production during the year?

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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