Trinkle Dinkle Co. incurred the following actual costs during 2022: Direct Material $387,500 Used Direct Labor $165,000 Manufacturing $365,000 Overhead The company uses a normal costing system (i.e - applies overhead) and has a pre- determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending Inventory Balances were as follows: Beginning Ending Raw Material $50,000 $ 54,500 Work in $ 65,650 $ 71,500 Process Finished Goods $ 63,000 $ 69,300 What was Cost of Goods Sold for 2022? $893,150 $886,850 $905,350 $911,650 Calculator Webcam
Trinkle Dinkle Co. incurred the following actual costs during 2022: Direct Material $387,500 Used Direct Labor $165,000 Manufacturing $365,000 Overhead The company uses a normal costing system (i.e - applies overhead) and has a pre- determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending Inventory Balances were as follows: Beginning Ending Raw Material $50,000 $ 54,500 Work in $ 65,650 $ 71,500 Process Finished Goods $ 63,000 $ 69,300 What was Cost of Goods Sold for 2022? $893,150 $886,850 $905,350 $911,650 Calculator Webcam
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 1EA: Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor...
Related questions
Question
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no
![Trinkle Dinkle Co. incurred the following actual costs during 2022:
Direct Material
$387,500
Used
Direct Labor
$165,000
Manufacturing
$365,000
Overhead
The company uses a normal costing system (i.e - applies overhead) and has a pre-
determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending
Inventory Balances were as follows:
Beginning
Ending
Raw Material $50,000
$ 54,500
Work in
$ 65,650
$ 71,500
Process
Finished
Goods
$ 63,000
$ 69,300
What was Cost of Goods Sold for 2022?
$893,150
$886,850
$905,350
$911,650
Calculator
Webcam](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F98571994-d807-41df-b89d-5c9f36816b13%2F44c22869-ce23-457b-8ae6-f1acb8db4eae%2Fhgeu06n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Trinkle Dinkle Co. incurred the following actual costs during 2022:
Direct Material
$387,500
Used
Direct Labor
$165,000
Manufacturing
$365,000
Overhead
The company uses a normal costing system (i.e - applies overhead) and has a pre-
determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending
Inventory Balances were as follows:
Beginning
Ending
Raw Material $50,000
$ 54,500
Work in
$ 65,650
$ 71,500
Process
Finished
Goods
$ 63,000
$ 69,300
What was Cost of Goods Sold for 2022?
$893,150
$886,850
$905,350
$911,650
Calculator
Webcam
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning