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IrinaK [193]
3 years ago
13

Epic, Inc. recently lost a portion of its records. The following information was available from the accounting records.

Business
1 answer:
Novay_Z [31]3 years ago
8 0

Answer:  $55,600

Explanation:

Total Manufacturing Cost

= Direct Material + Direct Labor + Factory Overhead

Cost of Goods manufactured = Direct materials used + Work-in-Process Inventory, Beginning + Factory Overhead Applied + Direct Labor - Work-in-Process Inventory, Ending

Direct Materials = Cost of Goods manufactured - Work-in-Process Inventory, Beginning - Factory Overhead Applied - Direct Labor + Work-in-Process Inventory, Ending

= 57,100 - 10,500 - 11,500 - (1.4 * 11,500) + 9,000

= $28,000

Total manufacturing cost = 28,000 + ( 1.4 * 11,500) + 11,500

= $55,600

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