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From raw materials inventory: Beginning inventory = $90,000 Purchases = $150,000 Ending Inventory = $143,000 From WIP inventory: Beginning inventory = $75,000 DL = $60,000
| From raw materials inventory: |
| Beginning inventory = $90,000 |
| Purchases = $150,000 |
| Ending Inventory = $143,000 |
| From WIP inventory: |
| Beginning inventory = $75,000 |
| DL = $60,000 |
| Ending inventory = $300,000 |
| From FG Inventory: |
| Beginning inventory = $200,000 |
| Ending inventory = $58,000 |
| COGS = $304,000 |
| Actual MOH = $300,000 |
| How much is the over/under applied MOH? |
Group of answer choices
$75,000 over applied
$70,000 over applied
None of the other answers are correct
$70,000 under applied
$75,000 under applied
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