Danica Corp. provided the following inventory balances and cost data for the month of June. Junel June 30 Direct Materials 30,000 40,000 Work in Process 15,000 20,000 Finished Goods 65,000 50,000 Production data for the month of June follows: Cost of goods manufactured Factory overhead applied 515,000 150,000 Direct materials used 190,900 Actual factory overhead 144,000 Required: Compute the cost of goods sold under actual costing
Danica Corp. provided the following inventory balances and cost data for the month of June. Junel June 30 Direct Materials 30,000 40,000 Work in Process 15,000 20,000 Finished Goods 65,000 50,000 Production data for the month of June follows: Cost of goods manufactured Factory overhead applied 515,000 150,000 Direct materials used 190,900 Actual factory overhead 144,000 Required: Compute the cost of goods sold under actual costing
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Danica Corp. provided the following inventory balances and cost data for the
month of June.
Junel
June 30
Direct Materials
30,000
40,000
Work in Process
15,000
20,000
Finished Goods
65,000
50,000
Production data for the month of June follows:
515,000
Cost of goods manufactured
Factory overhead applied
150,000
Direct materials used
190,900
Actual factory overhead
144,000
Required: Compute the cost of goods sold under actual costing](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fed0d058c-e1eb-45a6-955b-51f1949f6cd6%2F72cd687f-554f-413f-a8a6-0c6e501e8352%2Fgwno56nn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Danica Corp. provided the following inventory balances and cost data for the
month of June.
Junel
June 30
Direct Materials
30,000
40,000
Work in Process
15,000
20,000
Finished Goods
65,000
50,000
Production data for the month of June follows:
515,000
Cost of goods manufactured
Factory overhead applied
150,000
Direct materials used
190,900
Actual factory overhead
144,000
Required: Compute the cost of goods sold under actual costing
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