Unformatted text preview: production. Aug. 8, 20X5 Incurred direct labor costs of $3,000. Factory overhead is applied at 40% of the direct labor cost. Aug. 9, 20X5 Transferred completed awnings with total assigned costs of $4,400 to finished goods. Aug. 10, 20X5 Sold and delivered half of the finished goods (from August 9) to a customer for $4,000 cash....
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11