Mehboob Inc. has provided the following data for the month of April. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work in Process Finished Goods Cost of Goods Sold Total Direct materials 5,640 7,540 72,460 85,640 Direct labor 5,430 13,780 80,220 99,430 Manufacturing overhead applied 4,990 8,400 56,700 70,000 Total 16,060 29,720 209,380 255,070 Manufacturing overhead for the month was overapplied by Rs. 6,000. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The cost of goods sold for April after allocation of overapplied manufacturing is
Mehboob Inc. has provided the following data for the month of April. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work in Process Finished Goods Cost of Goods Sold Total Direct materials 5,640 7,540 72,460 85,640 Direct labor 5,430 13,780 80,220 99,430 Manufacturing overhead applied 4,990 8,400 56,700 70,000 Total 16,060 29,720 209,380 255,070 Manufacturing overhead for the month was overapplied by Rs. 6,000. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The cost of goods sold for April after allocation of overapplied manufacturing is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mehboob Inc. has provided the following data for the month of April. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work in Process
Finished Goods
Cost of Goods Sold
Total
Direct materials
5,640
7,540
72,460
85,640
Direct labor
5,430
13,780
80,220
99,430
Manufacturing overhead applied
4,990
8,400
56,700
70,000
Total
16,060
29,720
209,380
255,070
Manufacturing overhead for the month was overapplied by Rs. 6,000.
The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts.
The cost of goods sold for April after allocation of overapplied manufacturing is?
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