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Scilla [17]
3 years ago
15

Reedy Company reports the following information for 2012:

Business
1 answer:
asambeis [7]3 years ago
4 0

Answer:

Ending WIP= $13,500

Explanation:

<u>First, we need to calculate the factory overhead:</u>

Factory overhead= 25,000*0.75= $18,750

<u>Now, the ending WIP inventory:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250 = 11,000 + 27,000 + 25,000 + 18,750 - Ending WIP

Ending WIP= $13,500

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Answer:

$7,081.25

Explanation:

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Inconme statement  

For the year endend December 2020  

 

 

Revenue  

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Interes Revenue             38.200  

Total Revenue        2.464.000  

 

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