1) Identify reasons for entries
a) | Actual manufacturing overhead |
b) | Applied manufacturing overhead |
c | Cost of goods manufactured |
d | Cost of goods sold |
The following information is taken from the accounts of Latta Company. The entries in the T-accounts...
Required 1Required 2 Required 3 Identify reasons for entries (a) through (d) Entry Reason (a) Actual manufacturing overhead costs incurred for the year. (b) Overhead cost applied to Work in Process for the year (c) Cost of goods manufactured for the year. (d) Cost of goods sold for the year Required 2 > Required 1 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...
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 Work in Process (a) 375,000 (0) 427.000 Bal. (0) 777,200 105,100 209.100 Bal. 52.000 115,800 427.000 Bal. 79,800 Finished Goods Cost of Goods Sold Bal. 153,000 777,200 (d) 832,200 (0) 832,200 Bal. 98,000 The overhead that had been applied to production during the year is distributed among the ending balances...
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 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 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 are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead Work in Process Pinished Goods (a) 472,320 (b) 393, 600 bal. 16,400 (0) 730,000 Bal. 45,000(d) 650,000 Bal. 78,720 277,500 (c) 730,000 87,500 Bal. 125,000 393,600 45,000 Cost of Goods Sold (d) 650,000 The overhead that had been applied to production during the year is distributed among Work in Process,...
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 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 (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 Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead Work in Process (a) 460,000 (b) 390,000 Bal. 15,000 (c) 710,000 260,000 Bal. 70,000 85,000 (b) 390,000 Bal. 40,000 Finished Goods Cost of Goods Sold Bal. 50,000 (d) 640,000 (d) 640,000 (c) 710,000 ...