Using the T accounts shown below, record the followingactivities. a) Materials p

ID: 2452297 • Letter: U

Question

Using the T accounts shown below, record the followingactivities.

a) Materials purchased during thequarter were $210,000.

b) Materials issued to the factorywere $228,000 (total); indirect materials were $16,600

c) Labor costs for the factorywere $363,000 (total); indirect labor costs were $41,000

d) Various manufacturing overheadexpenses were paid for a total of $85,100

e) Manufacturing overhead costsare allocated to production at 30% of direct labor costs

f) The cost of goodscompleted was $621,000

Problem 3 – 14 points

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