[Capt_k1313]

If a company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.
Goods in Process inventory Finished Goods Inventory
Beg bal 200,500 beg bal 218,000
DM? 425,000 407,000
OH? FG?
End bal 231,560 end bal 248,000

Factory Overhead
103,020 100,220

[dom.b.fortin]

Kindly present your data in an organized manner. We can't understand what amounts are to what items. Thank you.

[Capt_k1313]

If a company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.
Goods in Process: beg bal 200,500
DM: (unknown)
DL: (unknown)
OH: (unknown)
FG: (unknown)
End bal: 231,560

Inventory Finished Goods Inventory: beg bal 218,000
425,000 407,000 (this is set as a T)

End bal 248,000

Factory Overhead
103,020 100,220(this is set as a T)

[dom.b.fortin]

Sorry I can't understand the FG part, does that include beg + T-account debit & credit then ending balance?cz the beg + dr - cr won't result to the end.

Not minding that, I think the answers would be
FG = 425,000 this is in the given as this is the amount debited to FG from WIP
OH = 100,220 this is also given as this is the amount credited from OH to transfer to WIP
DL = OH/.5 = 100,220/.5 = 200,440

Then fill in all known variables in the equation to get DM
WIPbeg + DM + DL + OH - FG = WIPend
200,500 + DM + 200,440 + 100,220 - 425,000 = 231,560
DM = 155,400

If you have something to lighten my doubts on the given itself, please tell me so we can change the solution as applicable.Thank you.