Solution-What amount of direct materials in unfinished jobs

What amount of direct materials in unfinished jobs would be

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Reference no: EM132634630

Hooker Company uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The Following information about Hooker Company's Work in Process inventory account has been provided for the Month of May:

May 1 Balance .............. $26,000

Debits during May:

Direct Materials ................. $40,000

Direct Labor...................... $50,000

Manufacturing Overhead ............. $37,5000

Problem 1: During the month, Hooker Company's work in process inventory account was credited for $120,500, which represented the Cost of Goods Manufactured for the month. Only one job remained in process on May 31; This Job had been charged with $9,600 of applied overhead cost. The amount of direct materials in the unfinished jobs would be?

Reference no: EM132634630

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What amount of direct materials in unfinished jobs would be

Reference no: EM132634630

Reference no: EM132634630

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