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The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning $38,700 13,100 Finished goods, beginning. 9,450 Cost
The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning $38,700 13,100 Finished goods, beginning. 9,450 Cost of goods manufactured 95,990 Cost of goods sold (not considering over- or underapplied overhead) 83,900 Sales 100,700 Costs incurred for the period Rav naterials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used Indirect labor used Predetermined overhead rate based on direct Other overhead costs materials used 901 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. Raw Materials Inventory Work in Process Inventory $19,160 44,650 23,500 10.000 17,100 5,000
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