Question
The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning $ 39,800 14,200 Finished goods, beginning 10,550
The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning $ 39,800 14,200 Finished goods, beginning 10,550 Cost of goods manufactured 97,090 Cost of goods sold (not considering over- or underapplied overhead) 85,000 Sales 101,800 Costs incurred for the period Raw materials purchases. Direct materials used Direct labor used Factory overhead (actual) Indirect materials used Indirect labor used Predetermined overhead rate based on direct naterials used 80% Other overhead costs 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. 2. Compute overapplied or underapplied overhead. $ 20,260 46,850 24,600 11,100 18,200 6,100 Complete this question by entering your answers in the tabs below. Required 11 Required 2 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. Raw Materials Inventory Finished Goods Inventory Work in Process Inventory Required 2 > 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute overapplied or underapplied overhead. < Required 1 Required 2
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