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Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. Materials Inventory BB (11/1) 40,000 130,000 99,000
Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. Materials Inventory BB (11/1) 40,000 130,000 99,000 BB (11/1) Labor Work-In-Process Inventory 70,000 87,000 Finished Goods Inventory BB (11/1) 90,000 Cost of Goods Sold Manufacturing Overhead Control 190,000 130,000 Applied Manufacturing Overhead 88,000 Additional information for November follows: Labor wage rate was $30 per hour. Manufacturing overhead is applied at $26 per direct labor-hour. During the month, sales revenue was $320,000, and selling and administrative costs were $58,000. 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What cost amount of direct materials was issued to production during November? Direct materials
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