21. Everspring, Inc. has the following data for 2018. its first year of operations (this means...

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21. Everspring, Inc. has the following data for 2018. its first year of operations (this means all accounts had $0 beginning

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Answer 1

Answer #1

Applied overhead = 50*200 = 10000

Actual overhead = 15000

Under applied overhead = 15000-10000 = 5000

Calculate inventory

Inventory	Balance before adjustment	Adjustment	balance after adjustment
Finished goods	30000-15000 = 15000	1250	16250
Work in process	60000-30000 = 30000	2500	32500
Raw material	55000-40000 = 15000	0	15000
Total inventory			63750

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Answer 2

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