Question
At the end of February the inventory accounts of Townley Inc. showed that the manufacturing overhead applied during the month could be traced to Work
At the end of February the inventory accounts of Townley Inc. showed that the manufacturing overhead applied during the month could be traced to Work in Process $8,320; Finished Goods $15,600; and Cost of Goods Sold $28,080. Manufacturing overhead for the month was overapplied by $3,120. The company allocated any underapplied or overapplied overhead among the above accounts using an adjustment rate of $0.06 per dollar of the original allocation. What is the amount of the overhead adjustment assigned to Finished Goods? (Round your answer to the nearest $1.00, use positive numbers only)
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