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27. How much is over or under-applied factory overhead? 28. How much is the ending work in process inventory? If 60,000 of this work in process is direct labor, how much is the cost of direct materials and factory overhead?

27. How much is over or under-applied factory overhead? 28. How much is the ending work in process inventory? If 60,000 of this work in process is direct labor, how much is the cost of direct materials and factory overhead?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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27. How much is over or under-applied factory overhead? 28. How much is the ending work in process inventory? If 60,000 of this work in process is direct labor, how much is the cost of direct materials and factory overhead?
Transcribed Image Text:27. How much is over or under-applied factory overhead? 28. How much is the ending work in process inventory? If 60,000 of this work in process is direct labor, how much is the cost of direct materials and factory overhead?
PROBLEM 5: The selected ledger accounts of Luca Corp. for the year ended are as follows: Work in Process 160,000 3,760,000 720,000 1,200,000 FOH Applied1,920,000 Materials Beg. 120,000 960,000 Beg DM Finished Goods Beg 320,000 DL ? ? End 200,000 End ?? End 480,000 Factory Overhead Wages Payable COGS 72,000 1,840,000 ? 1,480,000 1,440,000 ? 32,000
Transcribed Image Text:PROBLEM 5: The selected ledger accounts of Luca Corp. for the year ended are as follows: Work in Process 160,000 3,760,000 720,000 1,200,000 FOH Applied1,920,000 Materials Beg. 120,000 960,000 Beg DM Finished Goods Beg 320,000 DL ? ? End 200,000 End ?? End 480,000 Factory Overhead Wages Payable COGS 72,000 1,840,000 ? 1,480,000 1,440,000 ? 32,000
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