Factory overhead is 75 of the cost of direct labor. work in, Ask an Expert

Accounting

Reedy company reports the following information for 2012:

Cost of goods manufactured 69,500
Direct materials used 27,000
direct labor incurred 25,000
work in process inventory, Jan 1, 2012 11,000

Factory Overhead is 75% of the cost of direct labor. work in process inventory on Dec 31 2012 is?

A. 22,500
B. 12,250
C. 13,500
D. 10,200

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M953370

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