Danica Corp. provided the following inventory balances and cost month of June. Junel June 3 Direct Materials 30,000 40,000 Work in Process 15,000 20,000 Finished Goods 65,000 50,000 Production data for the month of Jue follows: 515,000 Cost of goods manufactured Factory overhead applied 150,000 190,900 Direct materials used Actual factory overhead 144.000

Danica Corp. provided the following inventory balances and cost month of June. Junel June 3 Direct Materials 30,000 40,000 Work in Process 15,000 20,000 Finished Goods 65,000 50,000 Production data for the month of Jue follows: 515,000 Cost of goods manufactured Factory overhead applied 150,000 190,900 Direct materials used Actual factory overhead 144.000

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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