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thallium81 thallium81
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11 months ago

Calfee Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:

Beginning inventories:
Raw materials$ 40,000
Work in process$ 19,000
Estimated total manufacturing overhead at the beginning of the year$595,000
Estimated direct labor-hours at the beginning of the year35,000direct labor-hours

Results of operations:

Raw materials purchased on account$ 423,000
Raw materials (all direct) requisitioned for use in production$ 420,000
Direct labor cost$ 641,000
Actual direct labor-hours33,000direct labor-hours
Manufacturing overhead:
Indirect labor cost$ 143,000
Other manufacturing overhead costs incurred$ 531,000
Cost of goods manufactured$1,441,000

The ending balance in the Work in Process inventory account is:



▸ $200,000

▸ $162,000

▸ $220,000

▸ $181,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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ahgoebelahgoebel
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11 months ago
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thallium81 Author
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11 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
Correct Slight Smile TY
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2 hours ago
Thanks
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