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Angry Birds, Inc. designs and builds retaining walls for individual customers. On August 1, 2 jobs were in process: Level 1 with a beginning balance
Angry Birds, Inc. designs and builds retaining walls for individual customers. On August 1, 2 jobs were in process: Level 1 with a beginning balance of $12,000 and Level 2 with a beginning balance of $8,600 During August, Level 3 and Level 4 were started. Level 1 and 2 were sold at cost plus 40%, dinn Aug 5 Allot eros remained in process at month end The company applies manufacturing overhead at a rate of $11 per direct labor hour. Direct labor wages average $10 per hour. The following additional cost information is available for August: Level 1 Level4 $1,200 $8,000 $2,100 $3,000 $1,800 $4,800 $360 $1,200 Direct Materials Direct Labor The sales staff is paid a 2% commission on all sales for the period. The company closes out the total over/underapplied manufacturing overhead to Cost of Goods Sold at the end of each month. Calculate the following given actual MOH of $8,200 incurred during August. The amount of MOH applied to all jobs in process during August equals The adjusted COGS reported on the Income Statement for August equals S The gross profit reported on the Income Statement for August equals s The ending work in process balance reported on the Balance Sheet for August equals Round final answers to the nearest dollar
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