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QUESTION

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

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