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Mathematics, 18.03.2021 01:10 ray3699

In June, Olympic Company purchased materials costing $76,000, and incurred direct labor cost of $84,000. Overhead totaled $54,000 for the month. Information on inventories was as follows: June 1

June 30

Materials

$6,000

$5,400

Work in process

2,000

2,500

Finished goods

5,000

3,500

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Answers: 3

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