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Need 2-4 answered with steps shown ( the answers that are in the boxes are incorrect) 3. Calculate the cost of the chairs in CompuFurn's
Need 2-4 answered with steps shown ( the answers that are in the boxes are incorrect)
3. Calculate the cost of the chairs in CompuFurn's Finished-Goods Inventory as of December 31. Case 3-61 Interpreting Information from a Job-Order Costing System (LO 3-2, 3-3, 3-4, 3-6) [The following information applies to the questions displayed below.] CompuFurn, Inc., manufactures furniture for computer work stations. CompuFurn uses a job-order costing system and employs absorption costing. ComuFurn's work-in-process inventory on November 30 consisted of the following jobs. On November 30, the company's finished-goods inventory, which is evaluated using the first-in, first-out (FIFO) method, consisted of four items. At the end of November, the balance in CompuFurn's Materials Inventory account, which includes both raw materials and purchased parts, was $668,000. Additions to and requisitions from the materials inventory during the month of December included the following. 2. Calculate the dollar balance in CompuFurn's Work-in-Process Inventory account as of December 31. 4. Actual manufacturing overhead incurred in December amounted to $252,000. Calculate CompuFurn's overapplied or underapplied overhead for the year
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