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Business, 26.02.2021 03:00 lacourboud20005
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1December 31 Direct materials$87,000$50,000 Work in process 76,000 52,000 Finished goods 125,000 110,000 Other information Direct materials purchases $334,000 Cost of goods available for sale 970,000 Actual factory overhead costs 270,000 The cost of goods sold (before adjustment for under or overapplied overhead) is:
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Randall Company manufactures products to customer specifications. A job costing system is used to ac...
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