18. LO.4 (Cost accumulation) Barfield Mfg. Co. applies overhead to jobs at a rate of 140percent of direct labor cost. The following account information is available.Direct Material InventoryWork in Process InventoryBeg. Balance24,600? Beg. balance56,000?Purchases?Directmaterial?Direct labor 395,000Overhead?4,10027,640 Finished Goods InventoryCost of Goods SoldBeg. balance 90,0001,890,000?Goodscompleted?57,000Calculate the following items that are missing from Barfield's account information:a. Cost of goods soldb. Cost of goods manufacturedc. Amount of overhead applied to productiond. Cost of direct material usede. Cost of direct material purchased

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.LO.4 (Cost accumulation) Barfield Mfg. Co. applies overhead to jobs at a rate of 140 percent of direct labor cost. The following account information is available. Direct Material Inventory Work in Process Inventory Beg. Balance 24,600 ? Beg. balance 56,000 ? Purchases ? Direct material Direct labor 395,000 Overhead ? 4,100 27,640

.LO.4 (Cost accumulation) Barfield Mfg. Co. applies overhead to jobs at a rate of 140 percent of direct labor cost. The following account information is available. Direct Material Inventory Work in Process Inventory Beg. Balance 24,600 ? Beg. balance 56,000 ? Purchases ? Direct material Direct labor 395,000 Overhead ? 4,100 27,640

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: acounting
pp. Subject :- Accounting
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Subject : Accounting