Question
Partial operating data for Charring Cross Company follows. Management has set the predetermined overhead rate for the current year at 80 percent of direct labor
Partial operating data for Charring Cross Company follows. Management has set the predetermined overhead rate for the current year at 80 percent of direct labor costs.
Account/Transaction December
Beginning Materials Inventory $42,000
Beginning Work in Process Inventory $66,000
Beginning Finished Goods Inventory $129,000
Direct materials used $168,000
Direct materials purchased (a)
Direct labor costs $382,000
Overhead applied (b)
Cost of units completed (c)
Cost of Goods Sold $808,000
Ending Materials Inventory $38,000
Ending Work in Process Inventory $138,600
Ending Finished Goods Inventory (d)
Using T accounts, compute the unknown values. Show all your computations.
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