1.Cavy Company completed 6,590 units during the year at a cost of $494,250. The beginning finished goods inventory was 1,450 units valued at $102,950. Determine the cost of goods sold for 5,950 units, assuming a FIFO cost flow. ?$

2.

Use the information below for Nuthatch Corporation to answer the question that follow.

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of businessSeptember, October, and Novemberare $248,000, $308,000, and $402,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale.

The cash collections expected in September from accounts receivable are estimated to be

a.$138,880

b.$173,600

c.$248,000

d.$297,600

3.

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $269,112 and direct labor hours would be 44,852. Actual factory overhead costs incurred were $302,158, and actual direct labor hours were 52,458. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year?

a.$45,636 underapplied

b.$12,590 underapplied

c.$314,748 overapplied

d.$12,590 overapplied