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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Maple Company uses a job costing system. Maple Company's schedule of cost of goods manufactured showed the following amounts for the month ended August 31.

Cost of direct materials used   $42,000
Cost of goods manufactured   124,000
Cost of direct labor ($25 per hour)   75,000
Work in process inventory, August 1   14,500

Allocated manufacturing overhead costs for August amount to $50,000.

What is the amount of work in process inventory (before any adjustment for overallocated or underallocated manufacturing overhead) on August 31?
A) $57,500
B) $35,500
C) $167,000
D) $138,500
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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#2
8 years ago
Answers my question perfectly.
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