Inventories Raw materials, beginning Work in process, beginning Finished goods, beginning Cost of goods manufactured Cost of goods sold (not considering over- or underapplied overhead) Sales Predetermined overhead rate based on direct materials $ 39,000 13,400 9,750 96,290 84,200 101,000 90% Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs used 1. Complete the T-accounts for each of the three Inventory accounts using the data provided in the above table. 2. Compute overapplied or underapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. $ 19,460 45,258 23,800 10,300 17,400 5,300

Inventories Raw materials, beginning Work in process, beginning Finished goods, beginning Cost of goods manufactured Cost of goods sold (not considering over- or underapplied overhead) Sales Predetermined overhead rate based on direct materials $ 39,000 13,400 9,750 96,290 84,200 101,000 90% Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs used 1. Complete the T-accounts for each of the three Inventory accounts using the data provided in the above table. 2. Compute overapplied or underapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. $ 19,460 45,258 23,800 10,300 17,400 5,300

Name: InventoriesRaw materials, beginningWork in process, beginningFinished
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Description: InventoriesRaw materials, beginningWork in process, beginningFinished goods, beginningCost of goods manufacturedCost of goods sold (not considering over- orunderapplied overhead)SalesPredetermined overhead rate based on direct materialsused$ 39,0001

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 6P: Inventory costing methods The following transactions affecting materials occurred in February:...

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