Compute the amount for each of the following.Direct materials usedIndirect materials usedDirect labor usedIndirect labor usedCost of goods manufacturedCost of goods sold (before closing over- or underapplied overhead)Compute the amount that overhead is overapplied or underapplied. Raw Materials InventoryDebitCredit45,00024,2508,000Work in Process InventoryDebitCredit24,25085,750102,684170,320Factory Wages PayableDebitCredit126,0001. Compute the amount for each of the following.a. Direct materials usedb. Indirect materials usedc. Direct labor usedd. Indirect labor used85,75040,250Finished Goods InventoryDebitCredit170, 320 153,290e. Cost of goods manufacturedf. Cost of goods sold (before closing over- or underapplied overhead)2. Compute the amount that overhead is overapplied or underapplied.Factory OverheadDebitCredit8,000 102,68440,25061,370

Name: Compute the amount for each of the following.Direct materials usedIndi
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Description: Compute the amount for each of the following.Direct materials usedIndirect materials usedDirect labor usedIndirect labor usedCost of goods manufacturedCost of goods sold (before closing over- or underapplied overhead)Compute the amount that overhead

The direct costs and applied overhead are debited to work in process account and indirect costs are…

Business

Accounting

Compute the amount for each of the following. Direct materials used Indirect materials used Direct labor used Indirect labor used Cost of goods manufactured Cost of goods sold (before closing over- or underapplied overhead) Compute the amount that overhead is overapplied or underapplied.

Compute the amount for each of the following. Direct materials used Indirect materials used Direct labor used Indirect labor used Cost of goods manufactured Cost of goods sold (before closing over- or underapplied overhead) Compute the amount that overhead is overapplied or underapplied.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...

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