3. The Selected data concerning the past fiscal year's operations of the Eyoha Manufacturing Company are...

 

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3. The Selected data concerning the past fiscal year's operations of the Eyoha Manufacturing Company are presented below: Inventories Beginning Ending $75, 000 80, 000 90, 000 Direct materials $.85, 000 Work in process Finished goods Other data follows: Direct materials used.... Total manufacturing costs charged to productio....... 30, 000 110,000 $326, 000 686, 000* ......** * Include direct materials, direct labor, and factory overhead (60% of Direct Labor cost) Required: A. Compute the cost of direct materials purchased during the year and direct labor costs charged to production during the year B. The costs of goods manufactured during the year 3. The Selected data concerning the past fiscal year's operations of the Eyoha Manufacturing Company are presented below: Inventories Beginning Ending $75, 000 80, 000 90, 000 Direct materials $.85, 000 Work in process Finished goods Other data follows: Direct materials used.... Total manufacturing costs charged to productio....... 30, 000 110,000 $326, 000 686, 000* ......** * Include direct materials, direct labor, and factory overhead (60% of Direct Labor cost) Required: A. Compute the cost of direct materials purchased during the year and direct labor costs charged to production during the year B. The costs of goods manufactured during the year

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Solution A Required The Cost of Direct material purcha... View the full answer