Delmont Corp, has provided the following data for the month ofAugust.There were

Question

Delmont Corp, has provided the following data for the month ofAugust.There were no beginning inventories, consequently, thedirect materials, direct labor, and manufacturing overhead appliedlisted below are all for the current month.  

WIP

finished goods

COGS

total

direct materials

2990

10560

40960

54510

direct labor

4720

17160

66560

88440

manufacturing overhead applied

3290

8930

34780

47000

Total

11000

36650

142300

189950

WIP

finished goods

COGS

total

direct materials

2990

10560

40960

54510

direct labor

4720

17160

66560

88440

manufacturing overhead applied

3290

8930

34780

47000

Total

11000

36650

142300

189950

Explanation / Answer

d. debit to cost of goods sold of $2200
Cost of GoodsSold                                 $2,200       ManufacturingOverhead                                       $2,200 WIP         $3,000 x$3,290 /$47,000            $210or rounded to $200 FG           $3,000x $8,930 /$47,000            $570 or rounded to $600 COGS      $3,000 - $200 -$600                  $2,200  

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