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PLEASE I NEED IMMEDIATE ANSWER. ALSO, PLEASE SHOW THE WORKING OF THE PROBLEM. (Attached screen shot as well--My answer/selection was wrong) Crombie Inc. uses a
PLEASE I NEED IMMEDIATE ANSWER. ALSO, PLEASE SHOW THE WORKING OF THE PROBLEM. (Attached screen shot as well--My answer/selection was wrong)
Crombie Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month. The company has provided the following data for June:
Direct materials | $ | 46,500 |
Direct labor cost | 76,500 | |
Manufacturing overhead cost incurred | $ | 69,750 |
Manufacturing overhead cost applied | $ | 74,560 |
Inventories: | Beginning | Ending |
Work in process | $17,500 | $27,840 |
Finished goods | $69,080 | $35,700 |
The unadjusted cost of goods sold (in other words, cost of goods sold before adjusting for any underapplied or overapplied overhead) for June is closest to:
$197,560
$215,790
$187,220
$220,600
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