Business, 19.10.2019 00:30, jahayla4life

Luke’s lubricants starts business on january 1. the following operations data are available for january for the one lubricant it produces. beginning inventory : 0 gallons started in january 165,000 gallons ending work-in-process inventory (80% complete) 17,000 gallons costs incurred in january follow : materials $ 221,200 labor 22,000 manufacturing overhead 80,000 all production at luke’s is sold as it is produced (there are no finished goods inventories). required: a. compute cost of goods sold for january. (do not round intermediate calculations.) b. what is the value of work-in-process inventory on january 31? (do not round intermediate calculations.)

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Luke’s lubricants starts business on january 1. the following operations data are available for janu...