Exercise 7-25 (Algo) Assigning Costs to Jobs (LO 7-2, 3) Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. Materials Inventory Work-In-Process Inventory Finished Goods Inventory 88 (11/1) 38,000 88 (11/1) 68,000 88 (11/1) 128,000 97,000 Labor 81,000 88,000 188,000 128,000 Cost of Goods Sold Manufacturing Overhead Control Applied Manufacturing Overhead 86,000 Additonal Information for November follows: Labor wage rate was $30 per hour. Manufacturing overhead is applied at $27 per direct labor-hour During the month, sales revenue was $310,000, and selling and administrative costs were $56,000 This company has no indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over- or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold Complete this question by entering your answers in the tabs below. < Prev 2 of 20 Next > 86,000 Additional information for November follows Labor wage rate was $30 per hour. Manufacturing overhead is applied at $27 per direct labor-hour. During the month, sales revenue was $310,000, and selling and administrative costs were $56,000. This company has no Indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over- or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required C Required D Required E Required F Required B What cost amount of direct materials was issued to production during November? Direct materials Required B> 86,000 Saved Additional Information for November follows: Labor wage rate was $30 per hour. Manufacturing overhead is applled at $27 per direct labor-hour During the month, sales revenue was $310,000, and selling and administrative costs were $56,000. This company has no Indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over- or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F How much manufacturing overhead was applied to products during November? Manufacturing overhead > 86,000 Additional Information for November follows: Labor wage rate was $30 per hour. . Manufacturing overhead is applied at $27 per direct labor-hour During the month, sales revenue was $310,000, and selling and administrative costs were $56,000. This company has no indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over- or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over- or underappiled overhead is written off to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What was the cost of products completed during November? Cost of products completed 86,000 Saved Additional Information for November follows: Labor wage rate was $30 per hour. Manufacturing overhead is applied at $27 per direct labor-hour During the month, sales revenue was $310,000, and selling and administrative costs were $56,000. This company has no Indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over- or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What was the balance of the Work-in-Process Inventory account at the end of November? Ending balance 19 McGraw Hill Contact Cost Acco X Question 2- Ch. 07 Quiz-Conne X zto.mheducation.com/ext/map/index.html?_con-con&external browser=0&launchUrl=https%253A%252F%252Fnewconnect.mh 86,000 Saved Additional Information for November follows: Labor wage rate was $30 per hour. Manufacturing overhead is applied at $27 per direct labor-hour. During the month, sales revenue was $310,000, and selling and administrative costs were $56,000. This company has no Indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over- or underappiled manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Required A Required C Required D Required E Required F Required B What was the over- or underapplied manufacturing overhead for November? manufacturing overhead 86,000 Additional Information for November follows: Labor wage rate was $30 per hour. Manufacturing overhead is applied at $27 per direct labor-hour. During the month, sales revenue was $310,000, and selling and administrative costs were $56,000. This company has no Indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over- or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E RequirF What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold. Operating profit (loss)