Question

Luebec. has provided the following data for the month of November the balance in the finished Goods inventory account at the beginning of the month was $70.000 d e end of the month was 300 The cost of goods manufactured for the month was $221000. The actual manufacturing overhead coincurred was $50.400 and the manufacturing overhead cost apped to work in process was 65.200 The company does out any underabled or Overapped manufacturing overed to cost of 0000 sold The adjusted cost of goods sold that would appear on the income statement for November 0 5254,400 U 250.200 o 2000

the chavez questions is missing a mutilpe choice answer of 75000

this is all the information i have do you mean the picture is unclear?

Answer 1

1) Answer: $254,400 Workings: Schedule Cost of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Unadjusted cost of goods sold Less: Overapplied overhead Adjusted cost of goods sold $70,000 $221,000 $291,000 $31,800 $259,200 $4.800 $254,400 Overapplied overhead (565,200 - 60,400) = $4,800 2) Note: Figure not clearly visible. So I am unable to solve the problem. 3) Answer: $69,400 Workings: Direct materials Raw materials inventory. Beginning Add: Raw materials purchases Raw materials available for use Less: Raw materials inventory Ending Direct materials used Less: Used for indirect materials Direct materials cost $45.000 $75,000 $120,000 $39,000 $81.000 $11,600 $69,400 4) Note: Figure not clearly visible. So I am unable to solve the problem. 5) Answer. Debit to Raw Materials of $81,000 Workings: Credit Debit $81.000 Raw materials inventory Accounts payable / cash $81,000