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Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production ( not on...
Finished Goods $74,000 $57,000
Question:
Assume that the $39,000 ending balance in Work in Process includes $8,500 of direct materials. Given this assumption, supply the information missing below:
Direct materials
Direct labor
Manufacturing overhead
Work in process inventory