Question: Using the following accounts and a predetermined overhead rate of 70% of direct labor cost, determine the amount of applied overhead. Beginning WIP Direct

Using the following accounts and a predetermined overhead rate of ( 70 % ) of direct labor cost, determine the amount of a

Using the following accounts and a predetermined overhead rate of 70% of direct labor cost, determine the amount of applied overhead. Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP Beginning FG Ending FG O $46,710. O $56,471. O $147,900. O $60,900. O $87,000. Work in Process Inventory 24,000 72,000 49,290 Finished Goods Inventory 6600 194,610

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