Assume the following: Sales Adjusted cont of goods sold selling and administrative expense $100,000 $ 47,000 $ 31, 100 What is the net operating income? Multiple Choice $25.900 $54,100 $2.000 At the end of the year, a company's applied overhead is distributed among Its Inventory accounts and cost of goods sold as follows: Work in Process Finished Goods Cost of Goods Sold Applied overhead $ 20,000 40,000 340,000 $400,000 of the company has $10,000 of overapplied overhead and it close this amount proportionally to Work in Process, Finished Goods, and cost of Goods Soid, then which of the following statements is true? Multiple Choice The entry to dispose of the overapplied overhead will include debit to Finished Goods for $1000 The enty to dispose of the overoppled overhand will include a debit to Manufacturing Overhead for $10,000. The entry to dispose of the overappled averead will include credit to Coat of Goods sold for $10,000 At the end of the year, a company's applied overhead is distributed among its inventory accounts and cost of goods sold as follows: Work in Process Pinished Goods Cont of Goods Sold Applied overhead $ 20,000 40,000 340,000 $400,000 If the company has $12,000 of underapplied overhead and it closes this amount proportionally to Work in Process, Finished Goods, and cost of Goods Sold, then which of the following statements is true? Multiple Choice The entry to dispose of the underapplied overhead will include a credit to Finished Goods for 51200 The entry to droom of the underappled overhead with include a debit to Manufacturing Overhead for $2.000, They of the underlied overhead wilde debitio Cost of Goods Sold for $10.200 Assume the following information: Percent Complete Materials conversion 458 308 Milling Department Beginning work in process inventory Units started into production during March Unita completed during March and transferred to the next department Ending work in process inventory Unito 300 6,000 2 1004 1000 500 608 408 W the equivalent units of production for materials is 6100 using the weighted average method, then how many units were completed during March and transferred to the next department? Multiple Choice 5.000 200 5600