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Direct labor

Direct labor

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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The following inventory data relate to Hometown Corp: Finished goods, ending - 75,000; Finished goods, beginning - 110,000; Work in process, ending - 80,000; Work in process, beginning - 70,000; Direct materials, ending - 95,000; Direct materials, beginning - 90,000. Revenues and costs for the period: Sales - 900,000; Cost of goods available for sale - 775,000; Total manufacturing costs - 675,000; Factory Overhead - 175,000; Direct materials used - 205,000. Calculate the Direct labor costs incurred. *
Transcribed Image Text:The following inventory data relate to Hometown Corp: Finished goods, ending - 75,000; Finished goods, beginning - 110,000; Work in process, ending - 80,000; Work in process, beginning - 70,000; Direct materials, ending - 95,000; Direct materials, beginning - 90,000. Revenues and costs for the period: Sales - 900,000; Cost of goods available for sale - 775,000; Total manufacturing costs - 675,000; Factory Overhead - 175,000; Direct materials used - 205,000. Calculate the Direct labor costs incurred. *
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