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Use the following data for the next 2 questions: On November 30, 2020 there was a flood at Sea World and everything was devastated, except
Use the following data for the next 2 questions: On November 30, 2020 there was a flood at Sea World and everything was devastated, except for the fish. Bob, the lone survivor, and the accountant of sea managed to swim to safety with his Macbook pro. With his excel file open, he prayed to have all his accounts undamaged. Unfortunately, all his hard work was lost and now his salty tears increase the risk of Sea World flooding again. Help Bob save his books, and the turtles. October 31, 2020 November 31,2020 Supplies (Both direct and indirect materials) $79,250 Work in Process Inventory Finished Goods Inventory Cost of Goods Sold 58,875 60,000 576,000 6000 $73,250 ? 63,000 656,000 Accounts Payable (Relates to material) 17,960 MOH Incurred 129,500 MOH Applied 128,700 Summer 2020 53,540 163,300 ? Bob goes to the IT specialist, Rob... and after searching through his questionable browser history recovers the following info: Cash Payments to Suppliers $60,000 Payroll (Including $15,375 Indirect) 83,500 Indirect Material Used 5,848 Overapplied Overhead (During November only) 2,750 23. What is the ending work in process? $58,875 a. b. $83,000 C. $101,500 d. $176,282 e. None of the above 24. What was the overhead applied? a. $33,800 $36,550 b. C. $163,300 d. e. $128,700 None of the above
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