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A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.
Work in Process Inventory
Beginning WIP 62,000
Direct Materials ?
Direct Labor ?
Applied Overhead ?
To Finished Goods ?
Ending WIP 72,000
Factory Overhead
150,000 152,000
Finished Goods Inventory
Beginning FG 52,000
277,000 282,000
Ending FG 47,000
Multiple Choice
$59,000.
$282,000.
$292,000.
$277,000.
$148,000
Answer & Explanation
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