Asked by Braden Shamray on Jun 06, 2024
Verified
Heintz Company's job order costing system applies overhead based on direct labor costs.The company's manufacturing costs for the current year were: direct materials,$108,000; direct labor,$144,000; and factory overhead,$36,000.At year-end,the total cost of Work in Process is $38,000,which includes $12,000 of direct labor cost.What amount of direct material cost is included in the ending Work in Process inventory?
Work in Process
Inventory representing partially completed goods that are still in the process of production.
Direct Labor Costs
Expenses related to employees who are directly involved in the production of goods or services, such as wages for assembly line workers.
Direct Materials
Basic substances that can be directly linked to the production process of a product.
- Calculate the price of direct materials consumed during production using the information from finished goods.
Verified Answer
AL
Learning Objectives
- Calculate the price of direct materials consumed during production using the information from finished goods.
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