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Business, 16.10.2019 03:00 sarahsompayrac

Lanyard company uses a job-order costing system to account for product costs. the following information pertains to 2018: materials placed into production $140,000 indirect labor 40,000 direct labor (10,000 hours) 160,000 depreciation of factory building 60,000 other factory overhead 100,000 increase in work-in-process inventory 30,000 factory overhead rate is $18 per direct labor hour. what is the total amount credited to materials inventory for lanyard in 2018?

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