During last period, a company's direct labor cost was double the cost of its direct material used.

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During last period, a company's direct labor cost was double the cost of its direct material used. In addition, factory overhead was $5,000 under applied. Use the following incomplete accounts to determine the cost of direct labor.

Finished Goods Inventory Beg. Bal. 76,000 Goods in Process Inventory Beg. Bal. 60,000 D.M. ? 93,000 D.L. F. G. O.H. End.

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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Question Posted: Jan 22, 2018 12:41 AM

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During last period, a company's direct labor cost was double the cost of its direct material used.

Question:

Finished Goods Inventory Beg. Bal. 76,000 Goods in Process Inventory Beg. Bal. 60,000 D.M. ? 93,000 D.L. F. G. O.H. End. Bal. 87,000 End. Bal. 71,000 Factory Overhead 75,000

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Cost Accounting

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