Mathematics, 18.03.2021 01:10 ray3699
In June, Olympic Company purchased materials costing $76,000, and incurred direct labor cost of $84,000. Overhead totaled $54,000 for the month. Information on inventories was as follows:
June 1
June 30
Materials
$6,000
$5,400
Work in process
2,000
2,500
Finished goods
5,000
3,500
Answers: 3
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In June, Olympic Company purchased materials costing $76,000, and incurred direct labor cost of $84,...
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