PROBLEM 1 (10 points) The information below has been taken from the cost records of T Co. for the past year: (use actual OH) Direct materials used in production Direct labor Actual OH Inventories: Direct materials Work in process Beginning $75 80 125 Ending $85 30 a) Compute DM purchased. b) Prepare a statement of cost of goods manufactured for T Co. SHOW ALL COMPUTATIONS. $326 225

The information below has been taken from the cost records of TCo. for the past year: (use actual OH ) 6 5 a) Compute DM purchased. b) Prepare a statement of cost of goods manufactured for T Co. SHOW ALL COMPUTATIONS