The work in process account of Fountain Company showed: Materials charged to the one job still in
Question:
Materials charged to the one job still in process amounted to $3,200. Factory overhead is applied as a predetermined percentage of direct labor cost.
Required:
Compute the following:
(1) The amount of direct labor cost in finished goods.
(2) The amount of factory overhead in finished goods.
Transcribed Image Text:
Work in Process Materials Direct Labor $15,500 Finished goods $37,500 14,750 Factory Overhead 11,800
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