Corporate Finance Assignment/ Professional Essay Writers

Good Morning Enterprises produces digital alarm clocks. It has a just-in-time assembly process and uses back-flush costing to record production costs. Overhead is assigned at a rate of $17 per assembly labor hour. There were no beginning inventories in March. During Match, the following operating data were generated:
Cost of direct materials purchased and used………………………………….$53,200
Direct labor cost incurred …………………………………………………….$27,300
Overhead costs assigned …………………………………………………….. ?
Assembly hours worked …………………………………………………….. 3,840 hours
Ending work in process inventory,…………………………………………… $1,050
Ending finished goods inventory…………………………………………….. $,960

Using T accounts, show the flow of costs through the back-flush costing system what is the total cost of goods sold in March?  Get Finance Help Today