Block Aight Peace Company Implements normal costing for its production. The following data are provided during the
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Question:
Goods, January 1, 600,000. Finished Goods, Dec. 31, 300,000. Indirect Materials used was 25% of the total material costs. The overhead changed to production is 80% of direct labor costs.
1) What is the total Cost of Goods Manufactured ?
2) What is the amount of over/under application of overhead?
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