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a. $75,000 in raw materials were purchased for cash. b. $73,000 in raw materials were requisitioned for use in production. Of this amount, 67,000 was
a. | $75,000 in raw materials were purchased for cash. | ||||||||||
b. | $73,000 in raw materials were requisitioned for use in production. Of this amount, 67,000 was for direct materials and the remainder was indirect materials | ||||||||||
c. | Total labor wages of $152,000 were incurred and paid. Of this amount, $134,000 was for direct labor and the remainder was for indirect labor | ||||||||||
d. | Additional manufacturing overhead costs of $126,000 were incurred and paid. | ||||||||||
e. | MOH costs of $178,000 were applied to jobs using the company's predetermined OH rate. | ||||||||||
f. | All of the jobs in progress at the end of the month were completed and shipped to customers. | ||||||||||
g. | Any underapplied or overapplied OH for the period was closed out to COGS. |
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