Gulick Company developed the following data for the current year: Beginning work in process inventory $240,000 Direct materials used 144,000 Actual overhead 288,000 Overhead applied 216,000 Cost of goods manufactured 264,000 Total manufacturing costs 720,000 Gulick Company's ending work in process inventory is: a. $696,000. b. $216,000. c. $456,000. d. $480,000.
Gulick Company developed the following data for the current year: Beginning work in process inventory $240,000 Direct materials used 144,000 Actual overhead 288,000 Overhead applied 216,000 Cost of goods manufactured 264,000 Total manufacturing costs 720,000 Gulick Company's ending work in process inventory is: a. $696,000. b. $216,000. c. $456,000. d. $480,000.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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![Gulick Company developed the following data for the
current year:
Beginning work in process inventory $240,000
Direct materials used
144,000
Actual overhead
288,000
Overhead applied
216,000
Cost of goods manufactured
264,000
Total manufacturing costs
720,000
Gulick Company's ending work in process inventory is:
a. $696,000.
b. $216,000.
c. $456,000.
d. $480,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa56baa64-cbcc-469b-9815-90ffff534fac%2Fe4660709-4bee-40d4-8fb3-6a1e618c0c0d%2Fw38my8x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Gulick Company developed the following data for the
current year:
Beginning work in process inventory $240,000
Direct materials used
144,000
Actual overhead
288,000
Overhead applied
216,000
Cost of goods manufactured
264,000
Total manufacturing costs
720,000
Gulick Company's ending work in process inventory is:
a. $696,000.
b. $216,000.
c. $456,000.
d. $480,000.
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