During 2012 sand inc. expected job no. 51 to cost 300000 of, Ask an Expert

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During 2012, Sand, Inc. expected Job No. 51 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Sand applied overhead based on direct labor cost. Actual production required an overhead cost of $280,000, $550,000 in materials used, and $220,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9404015

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