2 Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow. Materials Inventory BB (2/1) 57,600 227,400 189,400 Cost of Goods Sold Work-In-Process Inventory BB (2/1) 100, 800 Labor 187,100 Manufacturing Overhead Control 155, 900 28 oints Finished Goods Inventory BB (2/1) 200,200 346,000 250, 300 Applied Manufacturing Overhead 134, 712 eBook Additional information for February follows: Print References Labor wage rate was $26 per hour. During the month, sales revenue was $600,000, and selling and administrative costs were $103,200. This company has no indirect materials or supplies. The company applies manufacturing overhead on the basis of direct labor costs: Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? f. What was the operating profit for February? Any over- or underapplied overhead is written off to Cost of Goods Sold. 2 The company applies manufacturing overhead on the basis of direct labor costs. 4.28 points Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? f. What was the operating profit for February? Any over- or underapplied overhead is written off to Cost of Goods Sold. eBook Print References Complete this question by entering your answers in the tabs below. Required A Required B Required a Required D Required E Required F What was the cost of direct materials issued to production during February? Direct materials Required B 2 The company applies manufactunng overhead on the basis of direct labor costs. 4.28 points Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February f. What was the operating profit for February? Any over- or underapplied overhead is writte eBook Print References Complete this question by entering your answers in the tabs below. Required a Requirede Required C Required D Required E Required F What was the over- or underapplied manufacturing overhead for February? manufacturing overhead Required A Required c > 2 The company applies manufactunng overhead on the basis of direct labor costs. 4.28 points Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? f. What was the operating profit for February? Any over- or underapplied overhead is writter eBook Print References Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Required E Required F What was the manufacturing overhead application rate in February? Manufacturing overhead % 2 The company applies manufactunng overhead on the basis of direct labor costs. 4.28 points Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? f. What was the operating profit for February? Any over- or underapplied overhead is written o eBook Print References Complete this question by entering your answers in the tabs below. Required A. Required B Required c Required D Reqired E Required F. What was the balance of the Work-in-Process Inventory account at the end of February? Ending balance