review question answers in bold. 9

10.

Plasencia Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Beginning inventories: Finished goods Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year $ 33,000 $635,500 41,000 dir Results of operations: 42,000 direct labor-hours $ 177,000 $ 444,000 Actual direct labor-hours Manufacturing overhead: Indirect labor cost Other manufacturing overhead costs incurred Selling and administrative: Selling and administrative salaries Other selling and administrative expenses Cost of goods manufactured Sales revenue Cost of goods sold (unadjusted) $ 280,000 $ 310,000 $1,501,000 $2,704,000 $1,416,000 The net operating income is: (Do not round your intermediate calculations.) Shane Corporation has provided the following data concerning last month's operations. 10 Direct materials Direct labor Manufacturing overhead applied to Work in Process $23,000 $58,000 $92,000 Work in process inventory Finished goods inventory Beginning $56,000 $33,000 Ending $69,000 $36,000 How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold