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Alice Company makes a specialty product to customer specifications. To accumulate cost Alice Company uses job-order costing. Manufacturing overhead is applied to production based on
Alice Company makes a specialty product to customer specifications. To accumulate cost Alice Company uses job-order costing. Manufacturing overhead is applied to production based on a predetermined rate of 75% of direct material cost. Any over-or underapplied overhead is closed to the cost of goods sold account at the end of each month. Additional information is available as follows: Cost Added in April Balance Direct Direct Job Name 3/31/21 Materials Labor Fillory $9,800 $1,930 $900 Brakebills 6,780 5,600 2,100 Wellspring 9,300 2,780 1,8701 Blackspire 5,670 7,100 1,560 Neitherlands 0 5,000 1,3701 Atlantis 2,800 1,800 Actual Manufacturing oH for April was $31,450 At the end of April Jobs Fillory, Brakebills, Wellspring and Neitherlands were finished. Jobs Fillory, Brakebills, and Wellspring had been delivered to the customer. REQUIRED: 1. What is the ending balance in Work in process for April 30? 2. What is the ending balance in Finished Goods for April 30? 3. What is the total cost of goods manufactured in April 30? 4. How much is over or underapplied OH? 5. What is the amount of Cost of Goods Sold reported for April after closing the month
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