Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work In Process | Finished Goods | Cost of Goods Sold | Total | |||||||||
Direct materials | $ | 4,240 | $ | 14,720 | $ | 41,720 | $ | 60,680 | ||||
Direct labor | 10,120 | 29,440 | 83,840 | 123,400 | ||||||||
Manufacturing overhead applied | 5,830 | 11,290 | 34,980 | 52,100 | ||||||||
Total | $ | 20,190 | $ | 55,450 | $ | 160,540 | $ | 236,180 | ||||
Manufacturing overhead for the month was overapplied by $4,000.
The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts.
The work in process inventory at the end of March after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: Round intermediate percentage computations to the nearest whole percent.
Inc. has provided the following data for the month of March. There were no beginning inventories;...
Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 4,240 $ 14,720 $ 41,560 $ 60,520 Direct labor 9,800 29,440 83,840 123,080 Manufacturing overhead applied 5,830 10,570 34,980 51,380 Total $ 19,870 $ 54,730 $ 160,380 $ 234,980 Manufacturing overhead for...
Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 4,240 $ 14,740 $ 41,700 $ 60,680 Direct labor 10,080 29,480 83,880 123,440 Manufacturing overhead applied 5,860 11,200 35,060 52,120 Total $ 20,180 $ 55,420 $ 160,640 $ 236,240 Manufacturing overhead for...
Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 4,240 $ 14,740 $ 41,820 $ 60,800 Direct labor 10,320 29,480 83,880 123,680 Manufacturing overhead applied 5,860 11,740 35,060 52,660 Total $ 20,420 $ 55,960 $ 160,760 $ 237,140 Manufacturing overhead for...
Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Cost of Work In Finished Goods Process Goods Sold Total $ 4,240 $14,740 $ 41,820 $ 60,800 10,320 29,480 83,880 123,680 5,860 11,740 35,060 52,660 $20,420 $55,960 $160,760 $237, 140 Manufacturing overhead for the month was overapplied...
Fils Incorporated has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $4,080 $12,780 $ 59,940 $ 76,800 Direct labor 2,110 11,360 53,280 66,750 Manufacturing overhead applied 2,820 7,990 36,190 47,000 Total $9,010 $32,130 $149,410 $190,550 Manufacturing overhead for the month was underapplied by $4,000....
Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $24,000 at the beginning of the month and $18,000 at the end of the month. During the month, the Corporation incurred direct materials cost of $55,400 and direct labor cost of $28,600. The actual manufacturing overhead cost incurred was $53,200. The manufacturing overhead cost applied to Work in Process was $51,400. The cost of goods...
Mckeighan Inc. has provided the following data for the month of November. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials.... Direct labor Manufacturing overhead applied..... Total... Work in Process $ 5,500 6,780 3.960 $16,240 Finished Goods $18,060 24,080 11.220 $53,360 Cost of Goods Sold $ 84,630 112,840 50.820 $248,290 Total $108,190 143,700 66.000 $317.890 Manufacturing overhead for the month was underapplied by $3,000....
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $28,500 and the ending balance was $53,000. Raw materials purchases during the month totaled $80,000. Manufacturing overhead cost incurred during the month was $119,500, of which $3,700 consisted of raw materials classified as indirect materials. The direct materials cost for May was Multiple Choice $80,000 $55,500 $104,500 $51,800 Weatherhead Inc. has provided the following data for the month...
Reith Inc. has provided the following data for the month of November. There were no beginning inventories consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work In Process $1,650 3,510 1,560 $6,920 Finished Goods $10,440 22,620 7,800 $40,860 Cost of Goods Sold $ 58,560 126,880 42,640 $228,080 Total $ 70,850 153, 010 52,000 $275,860 Manufacturing overhead for the month was overapplied by...
Jaquish Inc. has provided the following data for the month of January. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month Direct materials Direct labor Manufacturing overhead applied Total Work In Process $2,440 3,190 3,200 $8,830 Finished Goods $ 7,800 12,480 6,400 $26,689 Cost of Goods Sold $ 37,989 60,640 30,400 $128,940 Total $ 48,140 76,310 40,000 $164,450 Manufacturing overhead for the month was underapplied by...