14-15

QUESTION 14 Cindi's Manufacturing Inc. calculates the total amount of estimated overhead applied to jobs to be $2,500 for the current period. The journal entry includes a O debit to Work in Process Inventory and a credit to Manufacturing Overhead O debit to Manufacturing Overhead and a credit to Work in Process Inventory O debit to Cost of Goods Sold and a credit to Manufacturing Overhead debit to Finished Goods Inventory and a credit to Manufacturing Overhead QUESTION 15 Cindi's Manufacturing Inc. began operations in 2022 and reported the following information for that year: Direct Labor $ 65,000 Manufacturing Overhead applied $ 87,000 Materials Purchases $ 42,000 Ending Raw Materials balance 4,000 Ending Work-in-Process balance $ 6,000 Beginning Raw Materials and Beginning Work-in-Process balances What was the amount they reported for Cost of Goods Manufactured in their first year of operations? O $182,000 O $184,000 O $186,000 $154,000