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The Virginia Company is a manufacturing firm. The following data relate to the month of March: (1) Total manufacturing cost incurred during the month was $100,000, (2) Cost of goods manufactured was $90,000, (3) Factory overhead was $20,000 which is equal to 40% of direct labor costs, ( 4) Work-in-process at the beginning of the month was 80% of work-in-process at the end of the month. Required: Determine direct materials usage during the month. Determine the beginning and ending work-in-process.
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The Virginia Company is a manufacturing firm. The following data relate to the month of March: (1) T...
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