Wilco Inc. presents the following production cost data: DM Inventory, Jan 1 $10,000 DM Inventory, Dec...

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Wilco Inc. presents the following production cost data: DM Inventory, Jan 1 $10,000 DM Inventory, Dec 31 $11,000 WIP Inventory, Jan 1 $30,000 WIP Inventory, Dec 31 $32,000 FG Inventory, Jan 1 $80,000 FG Inventory, Dec 31 $78,000 DM Purchases $100,000 IM Purchases $20,000 Direct Labor Incurred $70,000 Indirect Labor Incurred POHR Budgeted Machine Hours Actual Machine Hours Actual MOH What is Wilco's Cost of Goods Manufactured for the period? $30,000 $5 per machine hour 10,000 12,000 $62,000 Wilco Inc. presents the following production cost data: DM Inventory, Jan 1 $10,000 DM Inventory, Dec 31 $11,000 WIP Inventory, Jan 1 $30,000 WIP Inventory, Dec 31 $32,000 FG Inventory, Jan 1 $80,000 FG Inventory, Dec 31 $78,000 DM Purchases $100,000 IM Purchases $20,000 Direct Labor Incurred $70,000 Indirect Labor Incurred POHR Budgeted Machine Hours Actual Machine Hours Actual MOH What is Wilco's Cost of Goods Manufactured for the period? $30,000 $5 per machine hour 10,000 12,000 $62,000

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1 Direct Materials DM Used Beginning DM Inventory 10000 DM Purchases 100000 Ending DM I... View the full answer