Please help me answer this questions Evener Inc. has provided the following data

Question

Please help me answer this questions

Evener Inc. has provided the following data for the month of July. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Manufacturing overhead for the month was overapplied by $3,000. The company allocates any underapplied or overapplied 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 overhead for the period.

Explanation / Answer

Manufacturing Overhead for the month is overapplied by $3000

WIP = 14750-(4950/33000x3000) = 14750-450 =14300

Finished Goods = 44670-(11550/33000x3000) = 44670-1050 = 43620

COGS = 63300-(16500/33000x3000) = 63300-1500 = 61800

Cost of WIP, Finished goodsand COGS after allocation of opplied MAnufacturing overhesd = 14300+43620+61800

=$ 119720

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