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Cost of goods sold statement; unit cost The records of Reinecke, Inc., show the following information...

Cost of goods sold statement; unit cost The records of Reinecke, Inc., show the following information as of march 31, 19B Material used…………………………………………………………………………………………….. $193,000 Direct labor…………………………………………………………………………………………….. …. 290,000 Indirect labor………………………………………………………………………………………………. 46,000 Light and power…………………………………………………………………………………………. 4,260 Depreciation………………………………………………………………………………………………. 4,700 Repairs to machinery………………………………………………………………………………….. 5,800 Miscellaneous factory overhead………………………………………………………………… 29,000 Work in process inventory, April 1,19A……………………………………………………….. 41,200 Finished goods inventory, April 1,19A…………………………………………………………. 34,300 Work in process inventory March 31, 19B…………………………………………………… 42,500 Finished goods inventory March 31, 19B………………………………………………………. 31,500 During the year, 18, 000 units were completed Required: 1) A cost of goods sold statement for the year ended march 31,19B 2) The unit cost of goods manufactured 3) The amount of over-or under applied factory overhead if the company applies factory over head on the basis of 30% of direct labor cost

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Reinecke. Inc., show Cost of goods Sold For the Year Ended March 31,19B S34,300 S 568,700 S 603,000 S31500) Finished goods inventory, April 1,19A Add: Cost of Goods manufactured Cost of goods available for sale Less: Finished goods inventory, March 31,19B Unadiusted cost of goods sold Add: Under applied overhead Cost of goods sold Notes: S 571,500 2,760 S 574,260 Reinecke. Inc., show Cost of goods Manufactured Schedule For the Year Ended March 31,19B Direct Materials used Direct Labour cost Manufacturing overhead applied Total Manufacturing Costs Add: Work in process inventory April 1,19A Less: work in process inventory March 31,19B Cost of goods Manufactured S 193,000 S 290,000 S87.000 S 570,000 S 41,200 S (42,500) S 568,700of Units Completed 18 Cost of Goods Manufactured $568,700 Unit cost of Cost of goods manufactured 2 No ,000 - S568,700/18,000 S31.59 3 Manufacturing overhead applied-$290,000*30%-$87,000 Actuval Manufacturing Overhead Indirect Labor Light and Power Depreciation Repairs to Machinery Miscellenious factory Overhead Actuval Manufacturing Overhead S 46,000 S 4,260 4,700 5,800 29,000 S89,760 Under Applied Overhead -Actual manufacturing overhaed cost -Manufacturing overhead applied to work in process - $89,760-$87,000 $2,760

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