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Need help asap! Cost of goods manufactured equals $87400 for 2022. Finished goods inventory is $3960 at the beginning of the year and $11000 at
Need help asap!
Cost of goods manufactured equals $87400 for 2022. Finished goods inventory is $3960 at the beginning of the year and $11000 at the end of the year. Beginning and ending work in process inventory for 2022 are $8060 and $10700 respectively. How much is cost of goods sold for the year? $83440 $94440 $91800 $80360 A company expected its annual overhead costs to be $753320 and machine hours to equal 101800 hours. Actual overhead was $744100, and actual machine hours totalled 96900 hours. How much overhead was applied? $791414 $717060 $708284 $781727 A company expected its annual overhead costs to be $787500 and machine hours to equal 105000 hours. Actual overhead was $750000, and actual machine hours totalled 96000 hours. How much overhead was over or underapplied? $70000 over-applied $30000 underapplied $37200 underapplied $67500 underapplied Step by Step Solution
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