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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 : Determine the ending balance of Materials Inventory.
Question : Determine the total amount of manufacturing overhead incurred during the month.
Question : Determine the total amount of manufacturing overhead applied during the month before adjustments for over or under applied overhead.
Question : Determine the balance before adjustment of manufacturing overhead. Use a negative number to indicate a credit balance.
Question : 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 preadjustment 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 $
Question : Determine the amount of adjustment to assign to Work in Process. Use the preadjustment ending balance of WIP as the basis.
Question : Determine the amount of adjustment to assign to Finished Goods. Use the preadjustment ending balance of FG as the basis.
Question : Determine the amount of adjustment to assign to Cost of Goods Sold. Use the preadjustment ending balance of CGS as the basis.
Question : Determine the ending balance after adjustment of Work in Process Inventory.
Question : Determine the ending balance after adjustment of Finished Goods Inventory.
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