Beshaw Incorporated has provided the following data for the month of January. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Finished Cost of Goods Process Goods Sold Total Direct materials $ 3,440 6,160 3,300 $ 8,450 16,250 $ 61,880 119,000 $ 73,770 141,410 55,000 $270,180 Direct labor Manufacturing overhead applied 6,050 $30,750 45,650 $226,530 Total $12,900 Manufacturing overhead for the month was underapplied by $7,000. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The cost of goods sold for January after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: Multiple Choice $232,340
Beshaw Incorporated has provided the following data for the month of January. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Finished Cost of Goods Process Goods Sold Total Direct materials $ 3,440 6,160 3,300 $ 8,450 16,250 $ 61,880 119,000 $ 73,770 141,410 55,000 $270,180 Direct labor Manufacturing overhead applied 6,050 $30,750 45,650 $226,530 Total $12,900 Manufacturing overhead for the month was underapplied by $7,000. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The cost of goods sold for January after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: Multiple Choice $232,340
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The cost of goods sold for January after allocation of any underapplied or overapplied manufacturing overhead for the month is
closest to:
Multiple Choice
$232,340
$219,530
$233,530
$220,720
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Beshaw Incorporated has provided the following data for the month
January. There were no beginning inventories;
consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work In
Finished
Cost of Goods
Process
Goods
Sold
Total
Direct materials
$ 3,440
6,160
3,300
$ 61,880
$ 8,450
16,250
6,050
$30,750
$ 73,770
141,410
55,000
Direct labor
119,000
45,650
Manufacturing overhead applied
Total
$12,900
$226,530
$270,180
Manufacturing overhead for the month was underapplied by $7,000.
The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and
cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts.
The cost of goods sold for January after allocation of any underapplied or overapplied manufacturing overhead for the month is
closest to:
Multiple Choice
$232,340
< Prev
9 of 10 E
Next >
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