Given the following information, show all three methods to dispose of over- or under-applied MOH. CGS for the period was $95,000, using applied MOH of $15,600.  Three months later, it was discovered that actual MOH was $17,550.    Ending Balance RM $40,500 WIP $60,000 FG $120,000

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter7: Fixed Assets, Natural Resources, And Intangible Assets
Section: Chapter Questions
Problem 7.3.2MBA
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  1. Given the following information, show all three methods to dispose of over- or under-applied MOH. CGS for the period was $95,000, using applied MOH of $15,600.  Three months later, it was discovered that actual MOH was $17,550. 

 

Ending Balance

RM

$40,500

WIP

$60,000

FG

$120,000

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