Alvardo Inc. has provided the following data for the month of November. There we

Question

Alvardo 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.

         

        

The company allocates over applied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.

        

Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied manufacturing overhead for the period.

         

Work in Process Finished Goods Cost of Goods Sold Total    Direct materials $ 3,600   $ 11,600   $ 51,200   $ 66,400     Direct labor 3,100   14,500   66,500   84,100      Manufacturing overhead 4,680   13,000   34,320   52,000        Total $ 11,380   $ 39,100   $ 152,020   $ 202,500     

Explanation / Answer

Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied manufacturing overhead for the period.

Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied manufacturing overhead for the period.

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