Olly Inc. has two production departments. For 2022, the company recorded the following data for each...

 

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Olly Inc. has two production departments. For 2022, the company recorded the following data for each department: Costs Purchase of materials Materials inventory (beginning balance) Materials inventory (ending balance) Materials used Direct labour Manufacturing overhead Total manufacturing costs Work-in-process (beginning balance) Work-in-process (ending balance) Cost of goods manufactured Required (A) Solve for A, B, C, and D. Production Dept. 1 $17,500 A 3,500 16,625 24,500 9,625 50,750 4,200 B 51,100 Production Dept. 2 C 770 1,225 11,795 14,875 7,000 D 4,305 2275 35,700 Olly Inc. has two production departments. For 2022, the company recorded the following data for each department: Costs Purchase of materials Materials inventory (beginning balance) Materials inventory (ending balance) Materials used Direct labour Manufacturing overhead Total manufacturing costs Work-in-process (beginning balance) Work-in-process (ending balance) Cost of goods manufactured Required (A) Solve for A, B, C, and D. Production Dept. 1 $17,500 A 3,500 16,625 24,500 9,625 50,750 4,200 B 51,100 Production Dept. 2 C 770 1,225 11,795 14,875 7,000 D 4,305 2275 35,700

Answer rating: 100% (QA)

To solve for A B C and D well use the given data and perform the necessary calculations Lets go st... View the full answer