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Alex Company had the following inventories at the beginning and end of the month of January:
Alex Company applies factory overhead at a rate of 60% of direct labor cost, and any overapplied or underapplied factory overhead is deferred until the end of the year, December 31 Alex Company’s cost of goods manufactured for January was A. $665,000 B. $681,000 C. $673,000 D. $647,000 |