During last period, a company's overhead rate was 150% of direct labor cost. This caused factory overhead

Question:

During last period, a company's overhead rate was 150% of direct labor cost. This caused factory overhead to be $10,000 over applied. Use the following incomplete accounts to determine the cost of goods sold.
Finished Goods Inventory Beg. Bal. 30,000 Goods in Process Inventory Beg. Bal. 10,000 D.M. 80,000 D.L. О.Н. End. Bal.

a. 130,000b. 170,000c. 40,000d. 60,000e. 90,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Management Accounting

ISBN: 978-0132570848

6th Canadian edition

Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu

Question Posted: