Cost of goods manufactured $68,250 Direct materials used 27,000 Direct labor incurred 25,000 Work in process inventory, January 1 11,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is a.$13,500 b.
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Feeney Furniture prepared the following sales budget: Month Cash Sales Credit Sales March $ 20,000 $ 14,000 April $ 35,000 $ 16,000 May $ 42,000 $ 40,000 June $ 57,000 $ 53,000 Credit collections are 20 % two months following the sale, 65 % in the
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