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can someone pls help me figure out how to fill in this schedule? show ALL work Oscar Corp, applies manufacturing overhead to production at 135%
can someone pls help me figure out how to fill in this schedule? show ALL work
Oscar Corp, applies manufacturing overhead to production at 135% of direct labor cost. During the year ended 20xx, manufacturing overhead of $161.325 was applied to production actual manufacturing overhead was $199,200 Beginning Work In Process Inventory was $19,800 and ending Work In Process Inventory was $22,600. Beginning Finished Goods Inventory was $41,800, ending Finished Goods Inventory was $38,400. Sales for the year ended 20xx were $581,200, yielding a $115,300 gross profit Complete the following schedule: Amount Item Direct Materials used in Production Direct Labor Manufacturing Overhead Applied Current Manufacturing Costs Beginning Work in Process Inventory Ending Work in Process Inventory Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Overhead Adjustment Adjusted Cost of Goods Sold Step by Step Solution
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