A new computer virus (AcciBoone) destroyed most of the company records at BackupstUs. The computer experts at the company could recover only a few fragments of the company's factory ledger for March as folows: Direct Materials Inventory Work-In-Process Inventory Finished Goods Inventory Cost of Goods Sold BB (3/1) 2000 EB (3/31) 65.000 Manufacturing Overhead Control Accounts Payable Further investigation and reconstruction from other sources yielded the following additional information: The controler remembers clearly that actual manufacturing overhead costs are recorded at $18 per direct labe-hour. (The company assigns actual overhead to Work in Process Inventory) The production superintendents cost sheets showed only one job in Work in Process Inventory on March 31, Materials of $14.500 had been added to the job, and 310 direct labor hours had been expended $35 The Accounts Payable are for direct materials purchases only, according to the accounts payable clerk. He clearly remembers that the balance in the account was $36,000 on March 1. An analysis of canceled . The payroll ledger shows that 5.400 direct labor-hours were recorded for the month. The employment department has verified that there are no variations in pay rates among employees (this infuriated Steve Fung Records maintained in the finished goods warehouse indicate that the finished goods wentory totaled $107,100 on March 1. The cost of goods manufactured in March was $564,400 Required: Determine the following amounts: a Work process inventory, March 31 Wort in crosswory b. Direct material purchased during March Direct materals purchased c. Actual manufacturing overhead incurred during March Actual manufacturing overhead A new computer virus (AcciBoone) destroyed most of the company records at BackupstUs. The computer experts at the company could recover only a few fragments of the company's factory ledger for March as folows: Direct Materials Inventory Work-In-Process Inventory Finished Goods Inventory Cost of Goods Sold BB (3/1) 2000 EB (3/31) 65.000 Manufacturing Overhead Control Accounts Payable Further investigation and reconstruction from other sources yielded the following additional information: The controler remembers clearly that actual manufacturing overhead costs are recorded at $18 per direct labe-hour. (The company assigns actual overhead to Work in Process Inventory) The production superintendents cost sheets showed only one job in Work in Process Inventory on March 31, Materials of $14.500 had been added to the job, and 310 direct labor hours had been expended $35 The Accounts Payable are for direct materials purchases only, according to the accounts payable clerk. He clearly remembers that the balance in the account was $36,000 on March 1. An analysis of canceled . The payroll ledger shows that 5.400 direct labor-hours were recorded for the month. The employment department has verified that there are no variations in pay rates among employees (this infuriated Steve Fung Records maintained in the finished goods warehouse indicate that the finished goods wentory totaled $107,100 on March 1. The cost of goods manufactured in March was $564,400 Required: Determine the following amounts: a Work process inventory, March 31 Wort in crosswory b. Direct material purchased during March Direct materals purchased c. Actual manufacturing overhead incurred during March Actual manufacturing overhead
