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    aquiroga's Avatar
    aquiroga Posts: 4, Reputation: 1
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    #1

    May 28, 2014, 07:50 PM
    Find DL Cost, cost of DM, and WIP Inventory
    McAllister, Inc. employs a normal costing system. The following information pertains to the year just ended
    • Total manufacturing costs were $2,500,000
    • Cost of goods manufactured was $2,420,000.
    • Applied manufacturing overhead was 30 percent of total manufacturing costs.
    • Manufacturing overhead was applied to production at a rate of 80 percent of direct-labor cost.
    • Work-in-process inventory on January 1 was 75 percent of work-in-process inventory on December 31.
    Compute the total direct-labor cost for the year
    Calculate the total cost of direct material used during the year.
    Compute the value of the company’s work-in-process inventory on December 31
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #2

    May 28, 2014, 08:01 PM
    Since we don't do your homework assignments... show us your answers and tell us how you arrived at them.
    aquiroga's Avatar
    aquiroga Posts: 4, Reputation: 1
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    #3

    May 28, 2014, 08:08 PM
    Im not sure how to get the direct labor, usually I am given problems that have direct labor hours
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