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Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. 2 Partially completed T-accounts and additional Information for
Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows.
2 Partially completed T-accounts and additional Information for Cardinals, Inc., for the month of November appear as follows. BB (11/1) Materials Inventory 30,000 120,000 96,080 Cost of Goods Sold Work-In-Process Inventory BB (11/1) 68,888 Labor 90, cee Manufacturing Overhead Control Finished Goods Inventory BB (11/1) 88,eee 188,eee 120,eee Applied Manufacturing Overhead 5.75 points 78,000 Additional Information for November follows: Labor wage rate was $30 per hour. Manufacturing overhead is applied at $24 per direct labor-hour. . During the month, sales revenue was $270,000, and selling and administrative costs were $48.000. This company has no Indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over-or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over-or underapplied overhead is written off to Cost of Goods Sold. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F How much manufacturing overhead was applied to products during November? Manufacturing $ 3,000 overheadStep by Step Solution
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