Boursaw Corporation has provided the following data concerning last month\'s ope

Question

Boursaw Corporation has provided the following data concerning last month's operations. Purchases of raw materials Indirect materials included in manufacturing overhead $ 4,008 Direct labor cost Manufacturing overhead applied to Work in Process $78,e80 Underapplied overhead $33,080 $58,000 $5,e00 Beginning Ending $ 10,e0 $15,800 Work in process inventory 56,eee $72,eee Finished goods inventory41,e00 $49,ee Raw materials inventory Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold? Multiple Choice $136,000 $141,000 $144,000

Explanation / Answer

Answer is $ 136000 Explanation: Unadjusted Cost of goods sold: Beginin WIP 56000 Add: Current cost of manufacturing Direct Material Beginning Inventory of RM 10000 Add: Purchase 33000 Total material available 43000 Less: ending inventory of RM 15000 Material consumed 28000 Less: Indirect Material consumed 4000 Direct Material consumed 24000 Direct Labour 58000 Manufacturing Overheads applied 78000 Total Manufacturing Cost incurred 160000 Total cost of Goods manufacturing 216000 Less: Ending inventory of WIP 72000 Cost of goods manufactured 144000 Beginning Inventory of FG 41000 Add: Cost of goods manufactured 144000 Cost of Goods available for sale 185000 Less: Ending inventory of FG 49000 Unadjusted cost of goods sold 136000

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