Part b

Account Balance Cost of Goods Sold $ After Proration 8,700,000 3,125,000 625,000 Finished Goods Control Work-in-Process Control b. Dispose of the amount using a proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold. Begin by selecting the formula to calculate the adjustment to each account. Then enter the amounts in the formula. (Enter the proportions as a decimal to three decimal places, "X.XXX". Use a minus sign or parentheses to show overallocated amounts and adjustments to be subtracted) Proportion (decimal) (Over-) Underallocated OH Adjustment COGS X FG WIP 0.050 X = Read the requirements Account Balance After Proration Cost of Goods Sold $ 8,700,000 Budgeted manufacturing overhead costs $ 5,100,000 Overhead allocation base Machine-hours Budgeted machine-hours 85,000 Manufacturing overhead costs incurred $ 5,350,000 Actual machine-hours 90.000 Machine-hours data and the ending balances (before proration of under-or overallocated overhead) are as follows: Finished Goods Control 3,125,000 Work-in-Process Control 625.000 selecting the formula to calculate the adjustment located amounts and adjustments to be b. Dispose of the amount using a proration based on to each account. Then enter the amounts in the formy subtracted.) Proportion (decimal) Actual Machine-Hours 2017 End-of-Year Balance Cost of Goods Sold 63,000 $ 8,750,000 Finished Goods Control 18,000 3,125,000 COGS Work-in-Process Control 9,000 625,000 FG WIP 0.050