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Stangl Incorporated has provided the following data for the month of September. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing
Stangl 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. Direct materials Direct labor Manufacturing overhead applied Total Work In Process $ 1,590 5,390 4,056 $ 11,036 Work in process Finished goods Cost of goods sold Finished Goods Allocation of Underapplied or Overapplied Overhead $ 7,520 17,780 9,360 $ 34,660 Cost of Goods Sold $ 14,540 34,520 17,784 $ 66,844 Manufacturing overhead for the month was underapplied by $4,100. 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. Total $ 23,650 57,690 31,200 $ 112,540 Required: Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied overhead for the period.
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