Hardigan Manufacturing Company reported the following year-end information: beginning work in process inventory, $80,000; cost of goods manufactured, $980,000; beginning finished goods inventory, $50,000; ending work in process inventory, $70,000; and ending finished goods inventory, $40,000. How much is Haridgan's cost of goods sold for the year?

• A. $980,000
• B. $1,000,000
• C. $990,000
• D. $970,000

For which one of the following is it not possible to assign costs to jobs as they are incurred?

• A. direct materials
• B. direct labour
• C. manufacturing overhead
• D. All of these costs can be assigned based on actual costs.

Use the following information to answer the questions below. A company expected its annual overhead costs to be $750,000 and machine hours to equal 100,000 hours. Actual overhead was $745,000, and actual machine hours totalled 97,000 hours. How much overhead was over or under applied?

• A. $23,000 over-applied
• B. $17,500 under applied
• C. $4,810 under applied
• D. $22,500 under applied