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Exercise 15-16 (Algo) Manufacturing cost flows LO P1, P2, P3 Telstar uses job order costing. The T-accounts below summarize its production activity for the year.
Exercise 15-16 (Algo) Manufacturing cost flows LO P1, P2, P3 Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit 46,900 Credit: 26,150 9,900 Work in Process Inventory Debit Credit 26,150 172,220 87,650 104,584 1. Compute the amount for each of the following. a. Direct materials used Factory Wages Payable Debit 127,900 Credit 87,650 42,150 Finished Goods Inventory Debit Credit 172,220 155,190 Factory Overhead Debit Credit 9,900 104,584 42,150 63,270 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount for each of the following. a. Direct materials used b. Indirect materials used 26,150 $ 9,900 c. Direct labor used $ 87,650 d. Indirect labor used $ 42,150 e. Cost of goods manufactured 172,220 1. Cost of goods sold (before closing over- or underapplied overhead) $ 155,190 Required 1 Required 2 > ead is overapplied or underapplied. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount that overhead is overapplied or underapplied. Underapplied overhead < Required 1 Required 2 > 4
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