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The following information is available for a custom NABIDISCIure Inventories. Raw materials, beginning Mork in process, beginning Finished goods, beginning $ 38,000 12,400 Cost
The following information is available for a custom NABIDISCIure Inventories. Raw materials, beginning Mork in process, beginning Finished goods, beginning $ 38,000 12,400 Cost of goods manufactured 8,750 95,290 Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Cost of goods sold (not considering over- or under applied overhead) Indirect materials used 83,200 Sales 100,000 Indirect labor used Predetermined overhead rate based on direct materials used 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 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 1 Required 2 > $ 18,460 43,250 22,000 9,300 16,400 4,300 Required 1 Required 2 Compute overapplied or underapplied overhead.
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