Westland Corp. produces industrial light fixtures. For the year, management estimated that total manufacturing overhead would be $1,120,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 144,600 direct labor hours. The following information was compiled before an adjustment had been made to dose Manufacturing Overhead Control: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Cost of Goods Sold For the year, manufacturing overhead was underapplied by $220,000. If Westland prorates the underapplied overhead, what is the ending balance of the Finished Goods Inventory? $403,456 $462.284 $404,556 $124,600 $464,220 $432,870 $2,340,900 $461,184

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Westland Corp. produces industrial light foxtures. For the year, management estimated that total manufacturing overhead
would be $1,120,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted
144,600 direct labor hours. The following information was compiled before an adjustment had been made to close
Manufacturing Overhead Control:
Raw Materials Inventory
Work in Process Inventory
Finished Goods Inventory
Cost of Goods Sold
For the year, manufacturing overhead was underapplied by $220,000. If Westland prorates the underapplied overhead,
what is the ending balance of the Finished Goods Inventory?
$403,456
$462.284
$404,556
$124,600
$464,220
$432,870
$2,340,900
$461,184
Transcribed Image Text:Westland Corp. produces industrial light foxtures. For the year, management estimated that total manufacturing overhead would be $1,120,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 144,600 direct labor hours. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Cost of Goods Sold For the year, manufacturing overhead was underapplied by $220,000. If Westland prorates the underapplied overhead, what is the ending balance of the Finished Goods Inventory? $403,456 $462.284 $404,556 $124,600 $464,220 $432,870 $2,340,900 $461,184
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