Andaman Inc. has provided the following data for the month of November. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month Direct Materials Direct Labor Manufacturing Overhead Applied Total Work in Process $ 12,150 $ 5,800 $3,210 $ 21,160 Finished Goods $ 12,950 $26,150 $ 13,800 $ 52,900 Cost of Goods Total Sold $49,740 $ 122,640 $50,040 $ 222,420 $74,840 $ 154,590 $ 67,050 $ 296,480 Manufacturing overhead for the month was overapplied by $29,250. The company allocates any underapplied or overapplied manufacturing to cost of goods sold at the end of the month. What is the journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for November?
Andaman Inc. has provided the following data for the month of November. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month Direct Materials Direct Labor Manufacturing Overhead Applied Total Work in Process $ 12,150 $ 5,800 $3,210 $ 21,160 Finished Goods $ 12,950 $26,150 $ 13,800 $ 52,900 Cost of Goods Total Sold $49,740 $ 122,640 $50,040 $ 222,420 $74,840 $ 154,590 $ 67,050 $ 296,480 Manufacturing overhead for the month was overapplied by $29,250. The company allocates any underapplied or overapplied manufacturing to cost of goods sold at the end of the month. What is the journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for November?
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Andaman Inc. has provided the following data for the month of November. There were no beginning inventories; consequently.
the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month
Direct Materials
Direct Labor
Manufacturing Overhead Applied
Total
Work in
Process
$12,150
$ 5,800
$3,210
$ 21,160
Finished
Goods
$ 12,950
$ 26,150
$ 13,800
$52,900
Cost of Goods Total
Sold
$49,740
$ 122,640
$ 50,040
$ 222,420
$74,840
$ 154,590
$ 67,050
$ 296,480.
Manufacturing overhead for the month was overapplied by $29,250.
The company allocates any underapplied or overapplied manufacturing to cost of goods sold at the end of the month.
What is the journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for November?
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