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University Of California, Los Angeles Operations And Supply Chain Management Assignment Help - Lock-Down Company

Question - The following information is available for Lock-Down Company, which produces special-order security products and uses a job order cost accounting system. April 30 May 31 Inventories Raw materials $ 37,000 $ 50,000 Goods in process 9,500 18,600 Finished goods 56,000 33,500 Activities and information for May Raw materials purchases (paid with cash) 181,000 Factory payroll (paid with cash) 500,000 Factory overhead Indirect materials 18,000 Indirect labor 82,000 Other overhead costs 94,000 Sales (received in cash) 1,600,000 Predetermined overhead rate based on direct labor cost 55 % Compute the following amounts for the month of May. (Input all amounts as positive values. Omit the "$" sign in your response.) 1. Cost of ...Read More

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