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follows: Direct Materials Inventory BB (31) 0.000 Manufacturing Overhead Control Finished Goods Inventory EB (3/31) 66,000 Cost of Goods Work-In-Process Inventory BB 371) 27,000 Accounts

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follows: Direct Materials Inventory BB (31) 0.000 Manufacturing Overhead Control Finished Goods Inventory EB (3/31) 66,000 Cost of Goods Work-In-Process Inventory BB 371) 27,000 Accounts Payable 1 54.000 EB (3/31) Further investigation and reconstruction from other sourced yielded the following additional information: The controller remembers clearly that actual manufacturing overhead costs are recorded at $18 per direct labor-hour. The company assigns actual overhead to Work in Process Inventory) . The production superintendent's cost sheets showed only one job in Work-in-process Inventory on March 31. Materials of $15,600 had been added to the job, and 300 direct labor hours had be per hour The Accounts Payable are for direct materials purchases only, according to the accounts payable clerk. He clearly remembers that the balance in the account was $36,000 on March 1. An analy checks (kept in the treasurer's office) shows that payments of $252.000 were made to suppliers during the month The payroll ledger shows that 5.200 direct labor-hours were recorded for the month. The employment department has verified that there are no variations in pay rates among employees (this in who believed that his services were underpaid) Records maintained in the finished goods warehouse indicate that the finished goods inventory totaled $108,000 on March 1. The cost of goods manufactured in March was $564.000 Required: Determine the following amounts: a. Work-in-process inventory March 31 Work in process invertory b. Direct materials purchased during March Direct materials purchased c. Actual manufacturing overhead incurred during March Actual manufacturing overhead c. Actual manufacturing overhead incurred during March. Actual manufacturing overhead d. Cost of goods sold for March Cost of goods sold References eBook & Resources Worksheet Learning Objective: 07-02 Assign costs in a job cost system Difficulty: 2 Medium Learning Objective: 07-03 Account for overhead using predetermined rates. Check my work follows: Direct Materials Inventory BB (31) 0.000 Manufacturing Overhead Control Finished Goods Inventory EB (3/31) 66,000 Cost of Goods Work-In-Process Inventory BB 371) 27,000 Accounts Payable 1 54.000 EB (3/31) Further investigation and reconstruction from other sourced yielded the following additional information: The controller remembers clearly that actual manufacturing overhead costs are recorded at $18 per direct labor-hour. The company assigns actual overhead to Work in Process Inventory) . The production superintendent's cost sheets showed only one job in Work-in-process Inventory on March 31. Materials of $15,600 had been added to the job, and 300 direct labor hours had be per hour The Accounts Payable are for direct materials purchases only, according to the accounts payable clerk. He clearly remembers that the balance in the account was $36,000 on March 1. An analy checks (kept in the treasurer's office) shows that payments of $252.000 were made to suppliers during the month The payroll ledger shows that 5.200 direct labor-hours were recorded for the month. The employment department has verified that there are no variations in pay rates among employees (this in who believed that his services were underpaid) Records maintained in the finished goods warehouse indicate that the finished goods inventory totaled $108,000 on March 1. The cost of goods manufactured in March was $564.000 Required: Determine the following amounts: a. Work-in-process inventory March 31 Work in process invertory b. Direct materials purchased during March Direct materials purchased c. Actual manufacturing overhead incurred during March Actual manufacturing overhead c. Actual manufacturing overhead incurred during March. Actual manufacturing overhead d. Cost of goods sold for March Cost of goods sold References eBook & Resources Worksheet Learning Objective: 07-02 Assign costs in a job cost system Difficulty: 2 Medium Learning Objective: 07-03 Account for overhead using predetermined rates. Check my work

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