Constanza Company has the following balances as of the year ended December 31, 2019: $30,000 Dr....
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Constanza Company has the following balances as of the year ended December 31, 2019: $30,000 Dr. 69,000 Dr. 99,000 Dr. Underapplied Factory Department Overhead 8,000 Dr. Cost of Goods Sold 149,000 Dr. Direct Materials Inventory WIP Inventory Finished Goods Inventory Additional information is as follows: Cost of direct materials purchased during 2019 Cost of direct materials requisitioned in 2019 $82,000 74.000 Cost of goods completed during 2019 204.000 Factory overhead applied (120% of direct labor) 96,000 Compute beginning WIP inventory. Constanza Company has the following balances as of the year ended December 31, 2019: $30,000 Dr. 69,000 Dr. 99,000 Dr. Underapplied Factory Department Overhead 8,000 Dr. Cost of Goods Sold 149,000 Dr. Direct Materials Inventory WIP Inventory Finished Goods Inventory Additional information is as follows: Cost of direct materials purchased during 2019 Cost of direct materials requisitioned in 2019 $82,000 74.000 Cost of goods completed during 2019 204.000 Factory overhead applied (120% of direct labor) 96,000 Compute beginning WIP inventory.
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Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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