At 31 December 20X5, KES Co had 3,700 completed wool cardigans in inventory During the year ended 31 December 20X5, the wool products division incurred overheads as follows Fixed production overheads Variable production overheads Selling overheads (pre-paid) Total overheads $ 120,000 132.000 109.500 361,500 KES Co absorbs overheads on the basis of the number of units produced which, during 20X5 was 42,000 cardigans. What is the total amount of overhead that should be included in the value of KES Co's inventory of cardigans as at 31 December 20X5?

2 ABC supplier incurred the following actual costs during the year just ended: Direct material used $210,500 Direct labour 185 000 Manufacturing overhead 380,000. The inventory balances, on 1 January, were as follows: Raw material $47 000 Work in process $61 500 Finished goods $60 000. Each of these inventory balances was 10 percent higher at the end of the year. The cost of goods sold is: Select one: a. $765,250 b. $762,850 c. $760,000 d. None of the answers given 3 David Furniture Ltd incurred the following actual costs during the year just ended: Direct material used $200,020 Direct labour $190,000 Manufacturing overhead $278, 000. The inventory balances, on 1 January, were as follows: Raw material $47 000; Work in process $61 500 Finished goods $65 000. Each of these inventory balances was 10 percent lower at the end of the year. The cost of goods manufactured is: Select one: a. None of the answers given b. $674,000 c. $670,000 d. 650,000 4 ABC Ltd prepares…