The following data are for Lauren Enterprises: Selling and administrative expenses Direct materials used Direct labor...

 

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The following data are for Lauren Enterprises: Selling and administrative expenses Direct materials used Direct labor (25,000 hours) Factory overhead application rate $75,000 $265,000 $300,000 $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75,000 90,000 Finished goods 40,000 25,000 What is the cost of goods manufactured? The following data are for Lauren Enterprises: Selling and administrative expenses Direct materials used Direct labor (25,000 hours) Factory overhead application rate $75,000 $265,000 $300,000 $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75,000 90,000 Finished goods 40,000 25,000 What is the cost of goods manufactured?

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To calculate the cost of goods manufactured we need to sum up the manufacturing costs incurred durin... View the full answer