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Business, 23.03.2021 03:20 maddycat4005

The information below has been taken from the cost records of Tink Co. for the past year: Direct materials used in production $326
Direct labor 225
OH allocated at 60% of DL$ ?
Actual OH 145
Cost of goods available for sale 826
Sales revenue 900
Selling & administrative expenses 30

Inventories:
Beginning Ending
Work in process 80 30
Finished goods ? 110

SHOW ALL COMPUTATIONS:
a) Prepare a statement of cost of goods manufactured & sold for T Co.
(use normal costing)

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