Solution-Provide and calculate cost of goods sold account

Provide and calculate cost of goods sold account

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Reference no: EM132533943

The following information relates to Wells Fargo for July 2008:

Actual direct labor costs$80,000

Actual direct labor rate per hour$8

Factory overhead rate per direct labor hour$12

Factory overhead incurred$160,000

Question 1: Assuming under applied or over applied overhead is transferred to cost of goods sold at the end of the period, calculate the cost of goods sold account.

Reference no: EM132533943

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Provide and calculate cost of goods sold account

Reference no: EM132533943

Reference no: EM132533943

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