20

Remaining Time: 56 minutes, 08 seconds. Question Completion Status: 26 60 7 8 10 11 12 1305 146 15 16 17 18 19 20 QUESTION 20 Tiger Corporation had the following information related to its first month of operations: Actual overhead $61,021 Applied overhead $84,328 Direct materials used $54,003 Direct labor incurred $91,583 Ending finished goods $66,671 Ending work-in-process $10,589 If under/over applied overhead is assumed to be insignificant, the cost of goods manufactured is: QUESTION 21 When a product cost is expensed, it is classified as: O a. cost of goods manufactured. O b. a product cost