Homework Answers
| a | Actual manufacturing overhead costs for the year |
| b | Overhead applied to work in process for the year |
| c | Cost of goods manufactured for the year |
| d | Cost of goods sold for the year |
| 2 | ||||
| General Journal | Debit | Credit | ||
| 1 | Manufacturing overhead | 46000 | ||
| Work in Process | 4600 | =46000*49000/490000 | ||
| Finished Goods | 6900 | =46000*73500/490000 | ||
| Cost of goods sold | 34500 | =46000*367500/490000 |
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The following information is taken from the accounts of Foster Corp. The entries in the T-accounts...
The following information is taken from the accounts of Foster Corp. The entries in the T-accounts...
The following information is taken from the accounts of Foster Corp. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (a) 392,000 (b) 425,000 Bal. 33, 000 Work in Progress Bal. 775,000 108,000 213,000 118,000 425,000 (b) Bal. 89,000 Finished Goods Bal. (c) 833, 500 164, 500 775,000 (d) Bal. 106,000 Cost of Goods Sold (d) 833, 500 The overhead applied to production during the year is distributed among the...
The following information is taken from the accounts of Foster Corp. The entries in the T-accounts...
The following information is taken from the accounts of Foster
Corp. The entries in the T-accounts are summaries of the
transactions that affected those accounts during the year.
Manufacturing Overhead
(a)
456,000
(b)
505,000
Bal.
49,000
Work in Progress
Bal.
124,000
(c)
855,000
229,000
134,000
(b)
505,000
Bal.
137,000
Finished Goods
Bal.
188,500
(d)
905,500
(c)
855,000
Bal.
138,000
Cost of Goods Sold
(d)
905,500
The overhead applied to production...
The following information is taken from the accounts of Foster Corp. The entries in the T-accounts...
The following information is taken from the accounts of Foster Corp. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (a) 404,000 (b) 440,000 Bal. 36,000 Work in Progress Bal. 111,000 (c) 790,000 216,000 121,000 (b) 440,000 Bal. 98,000 Finished Goods Bal. 169,000 (d) 847,000 (c) 790,000 Bal. 112,000 Cost of Goods Sold (d) 847,000 The overhead applied to production...
Check my w The following information is taken from the accounts of Foster Corp. The entries...
Check my w The following information is taken from the accounts of Foster Corp. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead 408,000 445,000 Bal. 37,000 Work in Progress inces Bal. (c) 795,000 112,000 217,000 122.000 445,000 (b) Bal. 101,000 Finished Goods Bal. 170,500 795,000 (d) 851.500 Bal. 114,000 Cost of Goods Sold 051.500 Cost of Goods Sold (d) 851,500 The overhead applied to production during the year is...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of t...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing overhead Hork in Process Finished Goods (a) 506,880 (b)422,400 2,600 (c)790,000 330,000 95,000 Bal. () 790,000 Bal.140,000 Bal 30,000 (d) 680,000 Bal. 84,480 (b) 422,400 Bal. 60,000 Cost of Goods Sold (d) 680,000 The overhead that had been applied to production during the year is distributed among Work in Process, Finished...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (a) 483,840 (b) 403,200 Bal. 80,640 Work in Process Bal. 11,800 (c) 750,000 295,000 90,000 (b) 403,200 Bal. 50,000 Finished Goods Bal. 40,000 (d) 660,000 (c) 750,000 Bal. 130,000 Cost of Goods Sold (d) 660,000 The overhead that had been applied to production during the year is distributed among Work...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (a) 488,448 (b) 407,040 Bal. 81,408 Work in Process Bal. 9,960 (c) 758,000 302,000 91,000 (b) 407,040 Bal. 52,000 Finished Goods Bal. 38,000 (d) 664,000 (c) 758,000 Bal. 132,000 Cost of Goods Sold (d) 664,000 The overhead that had been applied to production during the year is distributed among Work...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (a) 463,104 (b) 385,920 Bal. 77,184 Work in Process Bal. 20,080 (c) 714,000 263,500 85,500 (b) 385,920 Bal. 41,000 Finished Goods Bal. 49,000 (d) 642,000 (c) 714,000 Bal. 121,000 Cost of Goods Sold (d) 642,000 The overhead that had been applied to production during the year is distributed among Work...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead 497,664(b) 414,720 Bal. 82,944 (a) Bal. (b) Bal. Work in Process 6,280 (c) 774,000 316,000 93,000 414,720 56,000 Cost of Goods Sold 672,000 ces Finished Goods 34,000 (d) 672,000 774,000 136,000 Bal. (c) Bal. (d) The overhead that had been applied to production during the year is distributed among Work...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (a) 481,536 (b) 401,280 Bal. 80,256 Work in Process Bal. 12,720 (c) 746,000 291,500 89,500 (b) 401,280 Bal. 49,000 Finished Goods Bal. 41,000 (d) 658,000 (c) 746,000 Bal. 129,000 Cost of Goods Sold (d) 658,000 The overhead that had been applied to production during the year is distributed among Work...
The following information is taken from the accounts of Foster Corp. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (a) 392,000 (b) 425,000 Bal. 33, 000 Work in Progress Bal. 775,000 108,000 213,000 118,000 425,000 (b) Bal. 89,000 Finished Goods Bal. (c) 833, 500 164, 500 775,000 (d) Bal. 106,000 Cost of Goods Sold (d) 833, 500 The overhead applied to production during the year is distributed among the...
The following information is taken from the accounts of Foster
Corp. The entries in the T-accounts are summaries of the
transactions that affected those accounts during the year.
Manufacturing Overhead
(a)
456,000
(b)
505,000
Bal.
49,000
Work in Progress
Bal.
124,000
(c)
855,000
229,000
134,000
(b)
505,000
Bal.
137,000
Finished Goods
Bal.
188,500
(d)
905,500
(c)
855,000
Bal.
138,000
Cost of Goods Sold
(d)
905,500
The overhead applied to production...
Check my w The following information is taken from the accounts of Foster Corp. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead 408,000 445,000 Bal. 37,000 Work in Progress inces Bal. (c) 795,000 112,000 217,000 122.000 445,000 (b) Bal. 101,000 Finished Goods Bal. 170,500 795,000 (d) 851.500 Bal. 114,000 Cost of Goods Sold 051.500 Cost of Goods Sold (d) 851,500 The overhead applied to production during the year is...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing overhead Hork in Process Finished Goods (a) 506,880 (b)422,400 2,600 (c)790,000 330,000 95,000 Bal. () 790,000 Bal.140,000 Bal 30,000 (d) 680,000 Bal. 84,480 (b) 422,400 Bal. 60,000 Cost of Goods Sold (d) 680,000 The overhead that had been applied to production during the year is distributed among Work in Process, Finished...
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead 497,664(b) 414,720 Bal. 82,944 (a) Bal. (b) Bal. Work in Process 6,280 (c) 774,000 316,000 93,000 414,720 56,000 Cost of Goods Sold 672,000 ces Finished Goods 34,000 (d) 672,000 774,000 136,000 Bal. (c) Bal. (d) The overhead that had been applied to production during the year is distributed among Work...
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