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Argento Supplies, Inc. selected cost data for the year are shown below: Work - in - Process Inventory, Jan. 1 $5,920 101,000 Direct Materials Used Work - in - Process Inventory, Dec. 31 2,860 193,100 Cost of Goods Manufactured Assuming manufacturing overhead costs of $27,800, what is the amount of direct labor incurred by Argento Supplies, Inc. during the year? ..... O A. $128,800 B. $190,040 OC. $64,300 D. $61,240

Argento Supplies, Inc. selected cost data for the year are shown below: Work - in - Process Inventory, Jan. 1 $5,920 101,000 Direct Materials Used Work - in - Process Inventory, Dec. 31 2,860 193,100 Cost of Goods Manufactured Assuming manufacturing overhead costs of $27,800, what is the amount of direct labor incurred by Argento Supplies, Inc. during the year? ..... O A. $128,800 B. $190,040 OC. $64,300 D. $61,240

FINANCIAL ACCOUNTING
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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Argento Supplies, Inc. selected cost data for the year are shown below: Work - in - Process Inventory, Jan. 1 $5,920 101,000 Direct Materials Used Work - in - Process Inventory, Dec. 31 2,860 193,100 Cost of Goods Manufactured Assuming manufacturing overhead costs of $27,800, what is the amount of direct labor incurred by Argento Supplies, Inc. during the year? ..... O A. $128,800 B. $190,040 OC. $64,300 D. $61,240
Transcribed Image Text:Argento Supplies, Inc. selected cost data for the year are shown below: Work - in - Process Inventory, Jan. 1 $5,920 101,000 Direct Materials Used Work - in - Process Inventory, Dec. 31 2,860 193,100 Cost of Goods Manufactured Assuming manufacturing overhead costs of $27,800, what is the amount of direct labor incurred by Argento Supplies, Inc. during the year? ..... O A. $128,800 B. $190,040 OC. $64,300 D. $61,240
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