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Unformatted text preview: c. What would the total factory overhead cost be at a level of 8,000 hours? 3. Happy Corporation has supplied the following information for the year ended December 31, 20X0: Direct labor 16,480 Direct material purchases 19,260 General and administrative expenses 14,240 Indirect manufacturing costs 16,780 Selling expenses 13,520 Beginning direct materials inventory 2,460 Direct materials used 2,900 Big Corporation produces 8,000 units. There was no beginning balance or ending balance work-in-process inventory. Ending inventory consisted of 1,000 finished units. Required: a. Prepare the inventories section of the balance sheet. b. Compute the cost of goods sold....
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- Spring '10