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Additional information for the year is as follows: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Raw materials purchases Direct materials used
Additional information for the year is as follows: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Raw materials purchases Direct materials used Beginning Inventory (1/1) $ 10,200 23,900 Ending Inventory (12/31) $ 13,500 34,900 18,700 39,500 $ 119,000 108,900 Direct labor 147,900 Indirect materials used 6,800 Indirect labor 15,600 Factory equipment depreciation 25,700 Factory rent 18,400 Factory utilities 8,900 Other factory costs 8,300 Required: a. Calculate the predetermined overhead rate. b. Calculate cost of goods manufactured. c. Calculate the over- or underapplied overhead. d. Calculate adjusted cost of goods sold. Complete this question by entering your answers in the tabs belo Required A Required B Required C Required D Calculate the predetermined overhead rate. Predetermined Overhead Rate %
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