Question 18 (5 points) Use the following information to compute the cost of goods sold for the period: Beginning Balance Transfers In Transfers Out Ending Balance Work-in-Process $30,000 $50,000 $44,000 ? Finished Goods $36,000 ? ? $30,000 $6,000 $56,000 S44,000 $50,000 Previous Page Next Page Page 18 of 20 Submit Quiz 14 of 20 questions saved 80 80 009 Du . 2 DO 14 F& 17 @ # & 1 $ 4 2 3 5 C 9 6 7 8 Q W E E R Y U A S DF Question 19 (5 points) Woodman Company uses a predetermined overhead rate based on direct labor-hours to allocate manufacturing overhead to jobs. Estimated and actual data for direct labor and manufacturing overhead for last year are as follows: Estimated Actual Direct labor-hours. 600,000 550,000 Manufacturing overhead. $720,000 $680,000 The manufacturing overhead for Woodman Company for last year was: overallocated by S40,000 overallocated by $20,000 underallocated by $20,000 underallocated by $40,069 Previous Page Next Page Page 19 of 20 80 888 :: DU DO A 2 3 $ 4 5 6 & 7 8 C 9 ) 0 W E R T Y U 1 0 A S DF G H J K 7