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Leelanau Corporation uses a job-order costing system. The following data are for last year:Work in ...

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Leelanau Corporation uses a job-order costing system. The following data are for last year:Work in ...

Leelanau Corporation uses a job-order costing system. The following data are for last year:

Work in process beginning balance	$ 10,500
Work in process ending balance	$ 19,000
Cost of goods manufactured	$323,000
Direct materials	$115,000
Direct Labor	$ 78,000

Leelanau applies overhead using a predetermined rate. What amount of overhead was applied to work in process last year?

▸ $138,500

▸ $121,500

▸ $130,000

▸ $203,500

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Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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