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Molin Corporation is a manufacturer that uses job - order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold
Molin Corporation is a manufacturer that uses joborder costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:
Estimated total manufacturing overhead at the beginning of the year
Estimated direct laborhours at the beginning of the year
$
direct laborhours
Results of operations:
Actual direct laborhours
Manufacturing overhead:
Indirect labor cost
Other manufacturing overhead costs incurred
Cost of goods sold unadjusted
$
$
$
Required:
a What is the total amount of manufacturing overhead applied to production during the year?
b Is manufacturing overhead overapplied or underapplied for the year? By how much?
c What is the adjusted cost of goods sold for the year?
Complete this question by entering your answers in the table below.
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Required
What is the total amount of manufacturing overhead applied to production during the year?
Note: Round your intermediate calculations to decimal places.
Total manufacturing overhead applied to production
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