Centore Incorporated has provided the following data for the month of June. There were no beginning inventories; conseque direct labor, and manufacturing overhead applied listed below are all for the current month Direct materials Direct labor Manufacturing overhead applied Total Work In Finished Process Goods $ 650 2,180 930 $3,760 Multiple Choice Cost of Goods Sold debit to Cost of Goods Sold of $2.220 Total $ 7,590 $ 24,860 $ 33,100 20,700 90.680 7,130 31,000 Manufacturing overhead for the month was underapplied by $3,000. The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished g the end of the month on the basis of the overhead applied during the month in those accounts. The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for June wo 67,800 22,940 $35,420 $115,600 $154,780

Centore Incorporated has provided the following data for the month of June. There were no beginning inventories; conseque direct labor, and manufacturing overhead applied listed below are all for the current month Direct materials Direct labor Manufacturing overhead applied Total Work In Finished Process Goods $ 650 2,180 930 $3,760 Multiple Choice Cost of Goods Sold debit to Cost of Goods Sold of $2.220 Total $ 7,590 $ 24,860 $ 33,100 20,700 90.680 7,130 31,000 Manufacturing overhead for the month was underapplied by $3,000. The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished g the end of the month on the basis of the overhead applied during the month in those accounts. The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for June wo 67,800 22,940 $35,420 $115,600 $154,780

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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Question

Centore Incorporated has provided the following data for the month of June. There were no beginning inventories; consequently.
direct labor, and manufacturing overhead applied listed below are all for the current month.
Direct materialn
Direct labor
Manufacturing overhead applied
Total
Multiple Choice
Work In Finished
Process
Goods
Total
S 650 $ 7,590 $ 24,860 $ 33,100
2,180
20,700
67,800
90,680
930
7,130
22,940
31,000
$3,760
$35,420 $115,600 $154,780
Manufacturing overhead for the month was underapplied by $3,000.
The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods
the end of the month on the basis of the overhead applied during the month in those accounts.
The Journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for June would in
debit to Cost of Goods Sold of $2.220
Cost of
Goods
Sold
debit to Cost of Goods Sold of $115,600
credit to Cost of Goods Sold of $2,220

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