Banc Corporation Trust is considering either a bank-wide overhead rate or department overhead rates to allocate $409,500 of indirect costs. The bank-wide rate could be based on either direct labor-hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor-hours for Consumer Loans and a dual rate based on direct labor-hours and the number of loans processed for Commercial Loans. The following information was gathered for the upcoming period: Department DLH Loans Processed Direct Costs Consumer 12,000 800 $ 330,000 Commercial 7,000 250 $ 230,000 If Banc Corporation Trust uses a bank-wide rate based on the number of loans processed, what would be the total costs for the Commercial Department? Multiple Choice $325,550 $230,000 $97,500 $327,500 The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Debit Credit Beginning Balance 9,700 ? Transferred Out Purchases ? Ending Balance 8,100 Cost of Goods Sold Debit Credit 74,000 Work-in-Process Inventory Debit Credit Beginning Balance 9,200 ? Transferred Out Materials 21,400 Labor 15,200 Overhead 9,700 Ending Balance ? Finished Goods Inventory Debit Credit Beginning Balance ? ? Transferred Out Transferred In 41,200 Ending Balance 5,900 What is the value of the beginning Finished Goods Inventory? Multiple Choice $5,900 $0 $15,000 $38,700