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The T - accounts for the Apple Company below summarize its production activity for the year. REQUIRED: Calculate the ending T - account balances for
The Taccounts for the Apple Company below summarize its production activity for the year. REQUIRED: Calculate the ending Taccount balances for each account, then compute the amount for each of the manufacturing cost flows. Every yellow cell must include a valid formula, even if the result is $ Required: Enter a valid formula to compute the amount for each of the following. a Direct materials used b Indirect materials used c Direct labor used d Indirect labor used e Cost of goods manufactured f Cost of goods sold before closing overor underapplied overhead g Actual overhead incurred h Overhead applied i The amount of overor underapplied overhead j Use dropdown button to indicate whether overhead is over or underapplied. k Cost of goods sold after closing overor underapplied overhead
The Taccounts for the Apple Company below summarize its production activity for the year. REQUIRED:
Calculate the ending Taccount balances for each account, then compute the amount for each of the
manufacturing cost flows. Every yellow cell must include a valid formula, even if the result is $
Required: Enter a valid formula to compute the amount for each of the following.
a Direct materials used
b Indirect materials used
c Direct labor used
d Indirect labor used
e Cost of goods manufactured
f Cost of goods sold before closing overor underapplied overhead
g Actual overhead incurred
h Overhead applied
i The amount of overor underapplied overhead
j Use dropdown button to indicate whether overhead is over or underapplied.
k Cost of goods sold after closing overor underapplied overhead
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