The company uses normal costing and applies overhead on the basis of direct labor costs. The total factory cost for the period is

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The company uses normal costing and applies overhead on the basis of direct labor costs. The total factory cost for the period is

The following data are taken from the records of Trust Manufacturing Company for the quarter ended
September 30, 2021:
Materials
Labor
Overhead
WIP, Beg
475,430
644,400
966,600
WIP, End
456,620
904,800
?
Jobs Completed
1,762,690
?
2,678,640
Transcribed Image Text:The following data are taken from the records of Trust Manufacturing Company for the quarter ended September 30, 2021: Materials Labor Overhead WIP, Beg 475,430 644,400 966,600 WIP, End 456,620 904,800 ? Jobs Completed 1,762,690 ? 2,678,640
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