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Business, 06.08.2019 19:20 hoyanna69

The following events took place at a manufacturing company for the current year: (1) purchased $112,000 in direct materials. (2) incurred labor costs as follows: (a) direct, $73,000 and (b) indirect, $30,600. (3) other manufacturing overhead was $124,000, excluding indirect labor. (4) transferred 75% of the materials to the manufacturing assembly line. (5) completed 60% of the work-in-process during the year. (6) sold 80% of the completed goods. (7) there were no beginning inventories.

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