Business, 08.10.2019 02:20 cristalcastro901

Luke’s lubricants starts business on january 1. the following operations data are available for january for the one lubricant it produces: beginning inventory: 0 gallonsstarted in january: 153,000 gallonsending work-in-process inventory (80% complete) 16,000 gallonscosts incurred in january follow: materials $ 229,450labor 25,000manufacturing overhead 79,000all production at luke’s is sold as it is produced (there are no finished goods inventories).compute cost of goods sold for january. what is the value of work-in-process inventory on january 31?

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Luke’s lubricants starts business on january 1. the following operations data are available for janu...