The Following Information Is Available For A Custom Manufacturer Inventories Raw Materials Beginning Work In Process 1 (129.14 KiB) Viewed 13 times
The following information is available for a custom manufacturer. Inventories Raw materials, beginning Work in process, beginning Finished goods, beginning Cost of goods manufactured Cost of goods sold (not considering over- or underapplied overhead) Sales Predetermined overhead rate based on direct materials used $ 39,100 13,500 9,850 96,390 84,300 101,100 90% Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. 2. Compute overapplied or underapplied overhead. Complete this question by entering your answers in the tabs below. $ 19,560 45,450 23,900 10,400 17,500 5,400
Required 1 Required 2 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. Raw Materials Inventory Finished Goods Inventory < Required 1 Work in Process Inventory Required 2