FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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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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