YANKEES, INC., a construction company, uses a job-order cost system. Its transactions for the month of September were as follows:

9/2 Purchased materials for cash at a cost of $60.

9/5 Materials with a cost of $15 were issued to jobs as follows: #2 $ 5 #3 $10

9/20 Overhead incurred during the month totaled $40. 9/25 Payroll costs for September were $50.

9/27 Direct labor of $25 was charged to jobs as follows: #2 $10 #3 $15

9/28 Overhead was applied using an overhead rate of $2 of overhead for every $1 of the cost of direct labor used.

9/29 Job #2 was completed 9/30 Job #1 was sold.

Additional data: The August 31 inventory balances were as follows:

Materials - $13 Work in process: $20 (materials $8; labor $8; overhead $4) Finished Goods: $22 (materials $10; labor $10; overhead $4).

The August 31 Subsidiary (Job) records were as follows: Job #1 $22 (materials $10: labor $8; overhead $4); Job #2 $20 (materials $8; labor $8; overhead $4).

Required:

a. Overhead applied (allocated) to work in process during September was $Answer 12.5

b. Under- or over-applied overhead (indicate which) at September 30 was $Answer Answer under-applied/over-applied

c. Total Manufacturing Cost for September was $Answer

d. Cost of Goods Manufactured for September was $Answer e. Cost of Goods Sold for September was $Answer

f. Raw Material inventory at September 30 was $Answer

g. Work in process inventory at September 30 was $Answer

h. Finished goods inventory at September 30 was $Answer

i. The overhead rate used in August was $1 of overhead per $Answer of Answer .