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The following data are for Lauren Enterprises: Selling and administrative expenses Direct materials used Direct labor (25,000 hours) Factory overhead application rate Direct materials Work in process Finished goods Beginning $50,000 75,000 40,000 Inventories What is the cost of goods manufactured? Oa. $1,115,000 Ob. $955,000 O c. $950,000 O d. $965,000 $75,000 $265,000 $300,000 $16 per DLH Ending $45,000 90,000 25,000

The following data are for Lauren Enterprises: Selling and administrative expenses Direct materials used Direct labor (25,000 hours) Factory overhead application rate Direct materials Work in process Finished goods Beginning $50,000 75,000 40,000 Inventories What is the cost of goods manufactured? Oa. $1,115,000 Ob. $955,000 O c. $950,000 O d. $965,000 $75,000 $265,000 $300,000 $16 per DLH Ending $45,000 90,000 25,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following data are for Lauren Enterprises: Selling and administrative expenses Direct materials used Direct labor (25,000 hours) Factory overhead application rate Direct materials Work in process Finished goods a. $1,115,000 Beginning $50,000 75,000 40,000 What is the cost of goods manufactured? O a. Ob. $955,000 O c. $950,000 O d. $965,000 Inventories $75,000 $265,000 $300,000 $16 per DLH Ending $45,000 90,000 25,000
Transcribed Image Text:The following data are for Lauren Enterprises: Selling and administrative expenses Direct materials used Direct labor (25,000 hours) Factory overhead application rate Direct materials Work in process Finished goods a. $1,115,000 Beginning $50,000 75,000 40,000 What is the cost of goods manufactured? O a. Ob. $955,000 O c. $950,000 O d. $965,000 Inventories $75,000 $265,000 $300,000 $16 per DLH Ending $45,000 90,000 25,000
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