attached are the solutions to a-d

could you please help with questions e-g

1. Account balances (30 points) River Falls Manufacturing uses a normal cost system and had the following data available for 2018: Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred $145,000 82,000 127,000 Factory overhead incurred Cost of goods completed Cost of goods sold 140,000 288,000 248,000 Beginning direct materials inventory Beginning WIP inventory Beginning finished goods inventory Overhead application rate, as a percem of direct-labor costs 25,000 63,000 53,000 125 percent a. What is the ending balance of direct materials inventory? b. What is the ending balance of work-in-process inventory? c. What is the ending balance of finished goods inventory? d. Is overhead under or over applied? e. Assume the company uses the proration method to remove under/over applied overhead. Prepare the journal entry to remove under/over applied overhead. f. Assume the company writes off all over/under applied overhead to COGS. Prepare the journal entry to remover over/under applied overhead. g. Which method to eliminate the over/under applied overhead is the most appropriate to use for River Falls and why? Focus glish (United States) porting sheet. 1 Answer 2 Part 1) 3 The ending balance of direct material inventory = Opening direct material inventory + purchases-direct material requistioned 4 25000+145000-82000 =$ 88000 7 Thus the correct answer is $ 88000 9 Part 2) L0 The ending balance of work in process 1 opening work in process + direct material requisitioned + direct labour+ manufacturing overheads- cost of goods manufactured 63000+82000+127000+(127000 125 % ) - 288000 3 $142750 14 Thus the correct answer is $ 142750 2 15 16 Part 3) 17 The ending ba lance of finished goods inventory 18 Opening inventory +cost of completed goods-cost of goods sold 9$ 53000+288000-248000 0 $ 93000 1 Thus the correct answer is $ 93000 !2 13 Part 4) 4 The overheads underapplied /(overapllied) = Overheads incurred -Overheads applied !5 $140000-(127000 125%) 6 $ 18750 overapplied 17 8 Thus the correct answer is overapplied by $ 18750