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Can someone please break this down using the Raw Materials, WIP, Finished Goods, Cost of Goods Sold, and Manufacturing Overhead T accounts please? I really

Can someone please break this down using the Raw Materials, WIP, Finished Goods, Cost of Goods Sold, and Manufacturing Overhead T accounts please? I really need help understanding it, explain it in the most simplest terms please. I will be sure to leave a like, thank you so much in advanced.

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Problem 3 Nikki Company manufactures Dungeons and Dragons game accessories. The firm had the following inventories at the beginning and end of 2013 The following additional manufacturing data pertains to the 2013 operations Raw materials purchased $195,000 Direct Labor $310,000 Actual Manufacturing overhead $175,000 Nikki Company applies manufacturing overhead at the rate of 50% percent of direct-labor cost. Compute the following. If you want partial credit use T-accounts to show your work. 1. Total manufacturing costs for 2013 2. Cost of goods manufactured for 2013 3. Cost of goods sold for 2013 (before any Overhead adjustment) 659,000 4. Cost of goods available for sale in 2013 : 5. Was too much overhead applied or too little during the year? 100 fit +1e 6. Cost of goods sold for 2013 (after overhead AFTER adjustment) \& 679.000

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