Partially completed T-accounts and additional information for Triad Company for the month of May follow:

Raw-Material Inventory BB 2,000 8,000 | 6,400 Work-in-Process Inventory BB 4,000 Labor 6,000 Finished-Goods Inventory L@CC ot are) MCLoLele Yo][ e}

BB 6,000 12,000 | 8,000 Manufacturing Overhead 5,200 Additional Information

™ ~— Labor wage rate was $24 per hour.

®™ Overhead is applied at 80 percent of direct-material cost.

® During the month, sales revenue was $17,500, and selling and administrative costs were $2,900.

Required

a. What was the amount of direct material issued to production during May?

b. What was the amount of manufacturing overhead applied to production during May?

c. What was the cost of products completed during May?

d. What was the balance of the Work-in-Process Inventory account at the end of May?

e. What was the manufacturing-overhead variance during May?

f. | What was the operating profit for May?

g. BUILD YOUR OWN SPREADSHEET. Build an Excel spreadsheet to complete requirements (a)

through (f