4.5

Inventories Work in Process Raw Materials Finished Goods $20.000 51.000 315.000 $12.000 59.000 $6,000 $2.000 50 November 30 December 31 November 30 December 31 November 20 December 31 Factory Overhead for Sales, Materials, and Payroll for December December Indirect materials Indirect labor Raw materials Factory payroll purchases Total Overhead $42.000 Sales Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% tableau 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead) 2. Compute overapplied or underapplied overhead 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following 9 Complete this question by entering your answers in the tabs below. Required Required 2 Required Compute gross groft. (Do not consider any underapplied or verapplied overhead) Inventories Work in Process Raw Materials Finished Goods $20.000 51.000 315.000 $12.000 59.000 $6,000 $2.000 50 November 30 December 31 November 30 December 31 November 20 December 31 Factory Overhead for Sales, Materials, and Payroll for December December Indirect materials Indirect labor Raw materials Factory payroll purchases Total Overhead $42.000 Sales Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% tableau 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead) 2. Compute overapplied or underapplied overhead 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following 9 Complete this question by entering your answers in the tabs below. Required Required 2 Required Compute gross groft. (Do not consider any underapplied or verapplied overhead)