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Home Q & A Board Other Fields Homework Help Business Accounting
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courtneyjuma courtneyjuma
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A year ago

Fisher Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The following information about Fisher Corporation's Work in Process inventory account has been provided for the month of May:

May 1 balance$26,000
Debits During May:
Direct Materials$40,000
Direct Labor$50,000
Manufacturing Overhead$37,500

During the month, Fisher Corporation's Work in Process inventory account was credited for $120,500, which represented the Cost of Goods Manufactured for the month. Only one job remained in process on May 31; this job had been charged with $9,600 of applied overhead cost. The amount of direct materials cost in the unfinished job would be:



▸ $10,600

▸ $16,700

▸ $12,800

▸ $23,400
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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crusherpsgcrusherpsg
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A year ago
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Anonymous
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2 months ago
Help! The answer is missing an explanation...
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2 months ago
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