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Question 1 : Determine the ending balance of Materials Inventory. Question 2 : Determine the total amount of manufacturing overhead incurred during the month. Question

Question 1: Determine the ending balance of Materials Inventory.
Question 2: Determine the total amount of manufacturing overhead incurred during the month.
Question 3: Determine the total amount of manufacturing overhead applied during the month before adjustments for over or under applied overhead.
Question 4: Determine the balance before adjustment of manufacturing overhead. Use a negative number to indicate a credit balance.
Question 5: Suppose Diewerts accountant decides the MOH balance is material and allocates the amount to the downstream accounts: Work in Process, Finished Goods, and Cost of Goods sold on the basis of the pre-adjustment balances in each account. Determine the adjustment rate needed to close the MOH account and adjust the amount of MOH assigned to these accounts. Round to the nearest $0.0001.
Question 6: Determine the amount of adjustment to assign to Work in Process. Use the pre-adjustment ending balance of WIP as the basis.
Question 7: Determine the amount of adjustment to assign to Finished Goods. Use the pre-adjustment ending balance of FG as the basis.
Question 8: Determine the amount of adjustment to assign to Cost of Goods Sold. Use the pre-adjustment ending balance of CGS as the basis.
Question 9: Determine the ending balance after adjustment of Work in Process Inventory.
Question 10: Determine the ending balance after adjustment of Finished Goods Inventory.
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