I don’t know what I’m missing here T Saed Help Sa pter 283 Job Order Costing 4 T

Question

I don’t know what I’m missing here T Saed Help Sa pter 283 Job Order Costing 4 The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing overhead costs incurred: Indirect materials indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual sanufacturing overhead costs incurred s 16,909 149,860 9,999 89,809 316,909 costs incurred: Purchases of raw asterials (both direct and indirect) Direct labor cost 419,8e s 79,000 Inventories Raw saterials, beginning Raw materials, ending Work in process, beginning Work in process, ending s 21,99 s 31,989 41,999 5 71,90g y uses a predetermined overhead rate of $28 per machine-hour to apply overhead cost to jobs. A total of 21,600 hours were used during the year Required: 1 Compute the amount of underapplied or overapplied overhead cost for the year 2 Prepare a schedule of cost of goods manufactured for the year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year aw materials Inventory 5 21,900 419.000 Type here to search DOLL Canon MP25DV

Explanation / Answer

Chang company cost of goods manufactured Direct materials Add: Raw material Inventory, beginning 21900 Add: Purchase of raw material 419000 Raw material avaliable for use 440900 Less: Raw material inventory ending -31900 Raw material used in production 409000 Less:Indirect material -16900 392100 Direct labor 79000 Manufacturing overhead cost applied to work in progress 21600*28 604800 Total manufacturing cost 1075900 Addd: Work in progress inventory beginning 41900 1117800 Less; Work In progress inventory ending -71900 Cost of goods manufactured 1045900 Chang company cost of goods manufactured Direct materials Add: Raw material Inventory, beginning 8900 Add: Purchase of raw material 136000 Raw material avaliable for use 144900 Less: Raw material inventory ending -10500 Raw material used in production 134400 Direct labor 82000 Manufacturing overhead 201000 Total Manufacturing overhead 417400 Addd: Work in progress inventory beginning 5200 422600 Less; Work In progress inventory ending -20300 Cost of goods manufactured 402300

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