Solution-What amount was transferred to finished goods

What amount was transferred to finished goods

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Question - During 2012, Sand, Inc. expected Job No. 51 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Sand applied overhead based on direct labor cost. Actual production required an overhead cost of $280,000, $550,000 in materials used, and $220,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods?

Reference no: EM131840262

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What amount was transferred to finished goods

Reference no: EM131840262

Reference no: EM131840262

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