Discussion Post
Hemingway, Inc. applies factory overhead based on direct labor costs. The company incurred the following costs during 2011: direct materials costs, $650,000; direct labor costs, $3 million; and factory overhead costs applied, $1,800,000. Assuming that the company's $71,000 ending goods in process inventory account for 2011 had $20,000 of direct labor costs, determine the inventories direct material costs.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.