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Rieb Incorporated has provided the following data for the month of September. There were no beginning inventories; consequently, the direct materials, direct labor, and
Rieb Incorporated has provided the following data for the month of September. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. $ 3,810 9,970) 6,680 Cost of Goods Sold 547,410 130,150 65,130 Mork In Process Finished Goods Direct materials $8,890 Manufacturing overhead applied 24,220 11,690 $ 20,460 $ 44,900 $242,690 Manufacturing overhead for the month was overapplied by $7,650. 5:41 Direct labor Total Total 60,110 164,340 83,500 $307,950 Help Save & E The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. Required: Provide the journal entry that would record the allocation of underapplied or overapplied among work in process, finished goods, and cost of goods sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the journal entry to allocate the underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold. g Enabled: xam :27 View transaction list Journal entry worksheet Record the journal entry to allocate the underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry
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