Homework Answers
1. Direct Material issued to Production = $233000
2. Manufacturing Overhead allocated = 29500 x $16 =
$472000
Total Direct Labor hours = $354000 / $12 = 29500
3. Total Cost of Jobs Completed = $923920
4. Work in Process Inventory = $43000 + 233000 + 354000 + 472000 - 923920 = $178080
5. Cost of Goods Sold = $667800
6. Over (Under) applied overhead = $472000 - $509000 = ($37000)
As per HOMEWORKLIB RULES we are supposed to solve 4 parts, i have done 6, kindly post separately for other parts
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