Reedy Company reports the following information for 2012:
Cost of goods manufactured $68,250
...
Business, 13.07.2021 21:10 justin5163
Reedy Company reports the following information for 2012:
Cost of goods manufactured $68,250
Direct materials used 27,000
Direct labor incurred 25,000
Work in process inventory, January 1, 2012 11,000
Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31, 2012, is:
a. $16,250
b. $8,500
c. $18,750
d. $13,500
Answers: 1
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