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Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow. BB (2/1) Materials Inventory 56,900 227,300 189,600 Cost of
Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow. BB (2/1) Materials Inventory 56,900 227,300 189,600 Cost of Goods Sold Work-In-Process Inventory BB (2/1) 100,900 Labor 186,200 Manufacturing Overhead Control 155,300 Finished Goods Inventory BB (2/1) 202,000 345,600 250,700 Applied Manufacturing Overhead 132,202 Additional information for February follows: Labor wage rate was $25 per hour. . During the month, sales revenue was $600,600, and selling and administrative costs were $104,200. This company has no indirect materials or supplies. The company applies manufacturing overhead on the basis of direct labor costs. Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? f. What was the operating profit for February? Any over- or underapplied overhead is written off to Cost of Goods Sold
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