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Red Inc, applies overhead producation at a predetermined rate of 70% based non direct labor cost. Job NO.200, the only job still in process at the end of March, has been charged wit manufacturing overhead of $7000. What is the amount of direct materials charged to Job NO. 200 assuming the balance in Work in process inventory is $30,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9970113

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