Question
Weyant Corporation has provided the following data concerning last month's operations. Direct materials $ 18,000 Direct labor $ 58,000 Manufacturing overhead applied to Work in
Weyant Corporation has provided the following data concerning last month's operations.
| Direct materials | $ | 18,000 |
| Direct labor | $ | 58,000 |
| Manufacturing overhead applied to Work in Process | $ | 75,000 |
| Overapplied overhead | $ | 6,000 |
| Beginning | Ending | |||||
| Raw materials inventory | $ | 13,000 | $ | 19,000 | ||
| Work in process inventory | $ | 64,000 | $ | 74,000 | ||
| Finished goods inventory | $ | 32,000 | $ | 40,000 | ||
The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?
A. $141,000
B. $133,000
C. $173,000
D. $127,000
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Top Accounting And Auditing Issues For 2023
Authors: CCH Tax Law Editors
1st Edition
0808059335, 978-0808059332
