SavedRequired information[The following information applies to the questions displayed below.]Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had thefollowing inventories at the beginning and end of the month of January.Finished goodsWork in processRaw materialJanuary 1$124,000235,000134,000January 31$117,000251,000124,000The following additional data pertain to January operations.esRaw material purchasedDirect labor$192,000300,000170,000115,000Actual manufacturing overheadActual selling and administrative expensesThe company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied orunderapplied manufacturing overhead is accumulated until the end of the year.4. Compute the cost of goods sold for January.Cost of goods sold< Prev6.of 17Next >

Workings Note : 1 Applied Manufacturing Overhead. Direct Labor cost x 60% $300000 x 60% = $180000…

-d information Wowing information applies to the questions displayed below.] ompany manufactures finger splints for kids who get tendonitis from playing video games. The firm had the g inventories at the beginning and end of the month of January. med goods n process terial January 1 $124,000 235,000 134,000 January 31 $117,000 251,000 124,000 owing additional data pertain to January operations. terial purchased $192,000 300,000 170,000 115,000 labor manufacturing overhead selling and administrative expenses mpany applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or plied manufacturing overhead is accumulated until the end of the year. e cost of goods sold for January. old