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drop down options for box 1 (on top of Direct Materials): Beginning work in process inventory Ending raw materials inventory Ending work in process inventory
drop down options for box 1 (on top of Direct Materials):
Beginning work in process inventory
- Ending raw materials inventory
- Ending work in process inventory
- Manufacturing overhead cost
- Purchases of raw materials
drop down options for box 3 (under Direct Materials):
- Beginning raw materials inventory
- Cost of goods manufactured
- Direct labor
- Manufacturing overhead applied to work in process
drop down options for box 4:
- Add: Ending raw materials inventory
- Add: Ending work in process inventory
- Add: Indirect materials used in production
- Add: Manufacturing overhead cost
- Add: Purchases of raw materials
- Less: Ending raw materials inventory
- Less: Ending work in process inventory
- Less: Indirect materials used in production
- Less: Manufacturing overhead cost
drop down options for box 6:
- Add: Ending raw materials inventory
- Add: Ending work in process inventory
- Add: Indirect materials used in production
- Add: Manufacturing overhead cost
- Add: Purchases of raw materials
- Less: Ending raw materials inventory
- Less: Ending work in process inventory
- Less: Indirect materials used in production
- Less: Manufacturing overhead cost
- Less: Purchases of raw materials
drop down options for box 8:
- Add: Ending raw materials inventory
- Add: Ending work in process inventory
- Add: Indirect materials used in production
- Add: Manufacturing overhead cost
- Add: Purchases of raw materials
- Less: Ending raw materials inventory
- Less: Ending work in process inventory
- Less: Indirect materials used in production
- Less: Manufacturing overhead cost
- Less: Purchases of raw materials
drop down options for box 10:
- Beginning raw materials inventory
- Cost of goods manufactured
- Direct labor
- Manufacturing overhead applied to work in process
drop down options for box 11:
- Beginning raw materials inventory
- Cost of goods manufactured
- Direct labor
- Manufacturing overhead applied to work in process
drop down options for box 12:
- Beginning raw materials inventory
- Cost of goods manufactured
- Direct labor
- Manufacturing overhead applied to work in process
drop down options for box 15:
- Less: Beginning work in process inventory
- Less: Ending raw materials inventory
- Less: Ending work in process inventory
- Less: Manufacturing overhead cost
- Less: Purchases of raw materials
- Less: Indirect materials included in manufacturing overhead
The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 19,900 machine-hours were used during the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year. Complete this question by entering your answers in the tabs below. Compute the amount of underapplied or overapplied overhead cost for the year. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured
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