Solution-What was the cost of goods manufactured for June

What was the cost of goods manufactured for June

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Reference no: EM132859689

Question - Under Lamar Company's job costing system, manufacturing overhead is applied to Work-in-Process Inventory using a predetermined overhead rate. During June, Lamar's transactions included the following:

Direct materials issued to production $90,000

Indirect materials issued to production 8,000

Manufacturing overhead cost incurred 125,000

Manufacturing overhead cost applied 113,000

Direct labor cost incurred 107,000

Lamar Company had no beginning or ending inventories. What was the cost of goods manufactured for June?

Reference no: EM132859689

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What was the cost of goods manufactured for June

Reference no: EM132859689

Reference no: EM132859689

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