Solution-Compute the amount of factory overhead in finished

Compute the amount of factory overhead in finished goods

Assignment Help Cost Accounting

Reference no: EM132657645

The work in process account of Meyers Company showed:

Work in Process

DR CR

Materials $22,000 Finished goods $68,000

Direct labor 37,000

Factory overhead 55,500

Materials charged to the one job still in process amounted to $5,000. Factory overhead is applied as a predetermined percentage of direct labor cost.

Required:

Question : Compute the following:

The amount of direct labor cost in finished goods.
The amount of factory overhead in finished goods.

Reference no: EM132657645

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Compute the amount of factory overhead in finished goods

Reference no: EM132657645

Reference no: EM132657645

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