Use the information below to answer the following two questions: Herbal Company provides the following data...
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Use the information below to answer the following two questions: Herbal Company provides the following data for the year ended December 31. Cost of goods available for sale during the year Direct materials used in production Direct labor cost used in production Actual manufacturing overhead cost $13,000 $3,000 $2,000 $1,300 Inventory balances at the beginning and end of the year were as follows: Beginning Raw materials $10,000 Work in process $2,000 Finished goods $6,000 How much is the total manufacturing cost for the year? Ending $11,000 $1,500 $4,000 Use the information below to answer the following two questions: Herbal Company provides the following data for the year ended December 31. Cost of goods available for sale during the year Direct materials used in production Direct labor cost used in production Actual manufacturing overhead cost $13,000 $3,000 $2,000 $1,300 Inventory balances at the beginning and end of the year were as follows: Beginning Raw materials $10,000 Work in process $2,000 Finished goods $6,000 How much is the total manufacturing cost for the year? Ending $11,000 $1,500 $4,000
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Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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