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thats all the info i have The following information was obtained from the records of Appleton Corporation during 2016. Manufacturing Overhead was applied at a
thats all the info i have
The following information was obtained from the records of Appleton Corporation during 2016. Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. Beginning value of inventory follows: Beginning Work in Process Inventory, $6,000. Beginning Finished Goods Inventory, $16,000 During the period, Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent. Actual manufacturing overhead costs were $91,000. Sales were $410,000 Adjusted Cost of Goods Sold was $306,000 Required Use the preceding information to find the missing values in the following table: Item Amount Direct Materials Used Direct Labor Manufacturing Overhead Applied 86,000 Total Current Manufacturing Costs 6,000 Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured Plus: Beginning Finished Goods Inventory 16,000 Less: Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Overhead Adjustment 306,000 Adjusted Cost of Goods SoldStep by Step Solution
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