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3 10 points eBook Print References Exercise 15-16 (Algo) Manufacturing cost flows LO P1, P2, P3 Telstar uses job order costing. The T-accounts below summarize
3 10 points eBook Print References Exercise 15-16 (Algo) Manufacturing cost flows LO P1, P2, P3 Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Debit 45,500 Debit Inventory 8,500 40,750 61,870 Credit Factory Overhead 24,750 8,500 Credit 103,184 Finished Goods Inventory Debit Credit 170,820 15,37,90 Factory Wages Payable Debit 126,500 Credit 24,750 86,250 103,184 86,250 40,750 Work in Process Inventory Debit Credit 170,820 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied Check my work 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over-or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Complete this question by entering your answers in the tabs below. Compute the amount for each of the following. Exercise 1516 (Algo) Manufacturing cost flows LO P1, P2, P3 Telstar uses job order costing. The T-accounts below summarize its production activity for the year. 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Complete this question by entering your answers in the tabs below. Compute the amount that overhead is overapplied or underapplied
3 10 points eBook Print References Exercise 15-16 (Algo) Manufacturing cost flows LO P1, P2, P3 Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Debit 45,500 Debit Inventory 8,500 40,750 61,870 Credit Factory Overhead 24,750 8,500 Credit 103,184 Finished Goods Inventory Debit Credit 170,820 15,37,90 Factory Wages Payable Debit 126,500 Credit 24,750 86,250 103,184 86,250 40,750 Work in Process Inventory Debit Credit 170,820 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied Check my work
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