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Author Question: Logan's Enterprises reported the following data for May.Beginning balance, Direct Materials ... (Read 5 times)

lol1012

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on: Feb 5, 2023
Logan's Enterprises reported the following data for May.

Beginning balance, Direct Materials Inventory$  45,000
Beginning balance, Work in Process Inventory52,000
Beginning balance, Finished Goods Inventory62,000
Ending balance, Direct Materials Inventory47,000
Purchase of direct materials92,000
Direct labor48,000
Manufacturing overhead applied42,000
Cost of goods manufactured200,000
Cost of Goods Sold220,000

Required:

a.What is the cost of direct materials were used in production?
b.What are the total manufacturing costs for the month of May?
c.What is the ending balance in the Finished Goods Inventory account?
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by lol1012 on Feb 5, 2023

dsfhkjdfaskjfdsjk

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Reply #1 on: Feb 5, 2023
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lol1012

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

nathang24

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Reply 3 on: Yesterday
Wow, this really help

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