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(Solved): Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the ...



Allen Company used

$71,000

of direct materials and incurred

$37,000

of direct labor costs during the current year. Indirect labor amounted to

$2,700

while indirect materials used totaled

$1,600

. Other operating costs pertaining to the factory included utilities of

$3,100

, maintenance of

$4,500

, supplies of

$1,800

, depreciation of

$7,900

, and property taxes of

$2,600

. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a

$5,500

balance and ended the year with a

$7,500

balance.◻◻◻◻◻◻◻◻◻◻qquad$$PreviousNext

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