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San Diego State University Operations And Supply Chain Management Assignment Help - Depreciation

Question - Selling expenses $ 215,000 Purchases of raw materials $ 260,000 Direct labor ? Administrative expenses $ 160,000 Manufacturing overhead applied to work in process $ 340,000 Total actual manufacturing overhead costs $ 350,000 Inventory balances at the beginning and end of the year were as follows: Beginning of Year End of Year Raw materials $ 50,000 $ 40,000 Work in process ? $ 33,000 Finished goods $ 30,000 ? The total manufacturing costs for the year were $675,000; the cost of goods available for sale totaled $720,000; the unadjusted cost of goods sold totaled $665,000; and the net operating income was $35,000. The company's overapplied or underapplied overhead is closed entirely to cost of goods sold. Re ...Read More

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