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Aardvark Incorporated has provided the following data for the month of November. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing
Aardvark Incorporated has provided the following data for the month of November. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work-in- Process $ 3,500 3,260 3,840 $ 10,600 Finished Goods $ 11, 200 14,400 7,680 $ 33,280 Cost of Goods Sold $ 51,800 66,600 36,480 $ 154,880 Total $ 66,500 84,260 48,000 $ 198,760 Manufacturing overhead for the month was underapplied by $6,000. The company allocates any underapplied or overapplied overhead among Work-in-Process, Finished Goods, and Cost of Goods Sold at the end of the month on the basis of the overhead applied during the month in those accounts. Required: Determine the cost of Work-in-Process, Finished Goods, and Cost of Goods Sold AFTER allocation of the underapplied or overapplied overhead for the period.
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