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The following information is available for a custom manufacturer. Inventories Costs incurred for the period Raw materials, beginning $ 38,300 Raw materials purchases $ 18,760
The following information is available for a custom manufacturer.
Inventories Costs incurred for the period Raw materials, beginning $ 38,300 Raw materials purchases $ 18,760 Work in process, beginning 12,700 Direct materials used 43,850 Finished goods, beginning 9,050 Direct labor used 23,100 Cost of goods manufactured 95,590 Factory overhead (actual) Cost of goods sold (not considering over- or underapplied overhead) 83,500 Indirect materials used 9,600 Sales 100,300 Indirect labor used 16,700 Predetermined overhead rate based on direct materials used 80% Other overhead costs 4,600
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.
2. Compute overapplied or underappled overhead. Complete this question by entering your answers in the tabs below. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table: 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the 2. Compute overapplied or undengapplied overhead. Complete this question by entering your answers in the tabs below. Compute overapplied or underapplied overhead
The following information is available for a custom manufacturer.
Inventories | Costs incurred for the period | ||
Raw materials, beginning | $ 38,300 | Raw materials purchases | $ 18,760 |
Work in process, beginning | 12,700 | Direct materials used | 43,850 |
Finished goods, beginning | 9,050 | Direct labor used | 23,100 |
Cost of goods manufactured | 95,590 | Factory overhead (actual) | |
Cost of goods sold (not considering over- or underapplied overhead) | 83,500 | Indirect materials used | 9,600 |
Sales | 100,300 | Indirect labor used | 16,700 |
Predetermined overhead rate based on direct materials used | 80% | Other overhead costs | 4,600 |
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.
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