Rigsby Company incurred the following actual costs during 20…
Rigsby Company incurred the following actual costs during 2020: Direct Material Used $ 412,500 Direct Labor $ 180,000 The company uses a normal costing system (i.e – applies overhead) and has a pre-determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending Inventory Balances were as follows: Beginning Ending Raw Material $ 45,000 $ 49,500 Work in Process $ 58,500 $ 64,350 Finished Goods $ 63,000 $ 69,300 What was Cost of Goods Sold for 2020?
Rigsby Company incurred the following actual costs during 20…
Questions
Rigsby Cоmpаny incurred the fоllоwing аctuаl costs during 2020: Direct Material Used $ 412,500 Direct Labor $ 180,000 The company uses a normal costing system (i.e - applies overhead) and has a pre-determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending Inventory Balances were as follows: Beginning Ending Raw Material $ 45,000 $ 49,500 Work in Process $ 58,500 $ 64,350 Finished Goods $ 63,000 $ 69,300 What was Cost of Goods Sold for 2020?
Rigsby Cоmpаny incurred the fоllоwing аctuаl costs during 2020: Direct Material Used $ 412,500 Direct Labor $ 180,000 The company uses a normal costing system (i.e - applies overhead) and has a pre-determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending Inventory Balances were as follows: Beginning Ending Raw Material $ 45,000 $ 49,500 Work in Process $ 58,500 $ 64,350 Finished Goods $ 63,000 $ 69,300 What was Cost of Goods Sold for 2020?