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Please give answers for each question Accounting records for Antoinette Designs (AD) for November show the following (each entry is the total of the actual
Please give answers for each question
Accounting records for Antoinette Designs (AD) for November show the following (each entry is the total of the actual entries for the account for the month): Accout Titles Work-in-Process Inventory (Direct Labor) Wages Payable Direct Materials Inventory Accounts Payable Finished Goods Inventory Work-in-Process Inventory Cost of Goods Solda Finished Goods Inventory Dbi 7, 200 7, 200 122, 130 122,130 136,800 136, 131,400 131,400 aThis entry does not include any over- or underapplied overhead. Ovew or underapplied overhead js written off to Cost of Goods Sold once for the month. For November. the amount written off was 5 percent of overhead applied for November Overhead iS applied on the basis of direct labor costs. The Work-in-Process Inventory ending account balance on November 30 was 125 percent of the begtnnjng balance The Direct Materials Inventory ending balance on November 30 was $2,250 less than the beginning balance_ The Finished Goods Inventory beginning balance on November 1 was $13,320. The September income statement shows revenues of $207.000 and a gross profit Of $76,500. Required: a. What was the finished goods inventory balance on November 307 b. How much manufacturing overhead was applied for November? c. What was the manufacturing overhead rate for November? d. How much manufacturing overhead was incurred for November? e. What was the Work-in-Process Inventory on November 1? f. What was the Work-in-Process Inventory on November 30?
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