UNVERSTES EXAM SHEET 3. Echher Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory account was debited for $218,000 and credited for $218,500. The ending balance in the Finished Goods inventory account was $13,000. At the end of the year, manufacturing overhead was overapplied by $36,700. if the applied manufacturing overhead was $223,900, the actual manufacturing overhead cost for the year was A. $200,700 8. $260,600 C. $200,200 $187,200 Dokman No Yayn Tarihi Revizyon Tarihi Revizyon No Sayfa Says GELIS UNIVER 01 5. Sigman Co.'s inventories in process were at the following stages of completion on April 30: No. of Units Percent Complete 100 90 50 80 200 10 Equivalent units of production in ending inventory amounted to: (CPA adapted) A. 150 180 C.330 4. The Fremont Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units for conversion costs for November in a particular department. There were 6,000 units in the ending work-in-process inventory on November 30, 75% complete with respect to conversion costs. The November 1 work-in- process inventory consisted of 8,000 units, 50% complete with respect to conversion costs. A total of 25,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was: 0.350 24,500 units. 8. 23,000 units C. 27,000 units. D. 21,000 units Item N2 products used e report of a