Spartans Inc has the following transactions: Work in Process Finished Goods Cost of Goods Sold Beg. +DM $30,200 Beg $26,500 Beg $0 $9,300 +Trans In. $63,400 +Sold $49,600 +DL $15,500 -Sold $49,600 Unadjust $49,600 +MOH $42,500 End $40,300 - Trans Out $63,400 End $34,100 MOH Control $42,500 Applied Actual $25,750 (a) Based on the t-accounts, the amount of overhead that was mis-allocated was $16,500 (difference between applied and actual). This amount will be Debited Overhead Control. V to Manufacturing (b) Use the Proration Method to allocate the $16,500 among the following accounts: Work in Process will be [Select] Finished Goods will be [Select] Cost of Goods Sold will be [Select] ✓ by [Select] [Select] by $16,750 $2,740 $4,606 $5,583 $3,410
Spartans Inc has the following transactions: Work in Process Finished Goods Cost of Goods Sold Beg. +DM $30,200 Beg $26,500 Beg $0 $9,300 +Trans In. $63,400 +Sold $49,600 +DL $15,500 -Sold $49,600 Unadjust $49,600 +MOH $42,500 End $40,300 - Trans Out $63,400 End $34,100 MOH Control $42,500 Applied Actual $25,750 (a) Based on the t-accounts, the amount of overhead that was mis-allocated was $16,500 (difference between applied and actual). This amount will be Debited Overhead Control. V to Manufacturing (b) Use the Proration Method to allocate the $16,500 among the following accounts: Work in Process will be [Select] Finished Goods will be [Select] Cost of Goods Sold will be [Select] ✓ by [Select] [Select] by $16,750 $2,740 $4,606 $5,583 $3,410
Chapter3: Setting Up A New Company
Section: Chapter Questions
Problem 1.3C
Related questions
Question
100%
![Spartans Inc has the following transactions:
Work in Process
Finished Goods
Cost of Goods Sold
Beg.
+ DM
$30,200
Beg
$26,500
Beg
$0
$9,300
+Trans In.
$63,400
+Sold
$49,600
+ DL
$15,500
- Sold
$49,600
Unadjust
$49,600
+ MOH
$42,500
End
$40,300
- Trans Out
$63,400
End
$34,100
MOH Control
$42,500 Applied
Actual
$25,750
(a) Based on the t-accounts, the amount of overhead that was mis-allocated was $16,500 (difference
between applied and actual). This amount will be Debited
✓
to Manufacturing
Overhead Control.
(b) Use the Proration Method to allocate the $16,500 among the following accounts:
Work in Process will be
[Select]
Finished Goods will be [Select]
Cost of Goods Sold will be
[Select]
by
[Select]
[Select]
by
$16,750
$2,740
$4,606
$5,583
$3,410](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1449914f-8eca-43bc-87ff-7e50e88e5bf7%2F0d70befe-8919-48bc-a588-382eedaea4df%2F3jj9n0b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Spartans Inc has the following transactions:
Work in Process
Finished Goods
Cost of Goods Sold
Beg.
+ DM
$30,200
Beg
$26,500
Beg
$0
$9,300
+Trans In.
$63,400
+Sold
$49,600
+ DL
$15,500
- Sold
$49,600
Unadjust
$49,600
+ MOH
$42,500
End
$40,300
- Trans Out
$63,400
End
$34,100
MOH Control
$42,500 Applied
Actual
$25,750
(a) Based on the t-accounts, the amount of overhead that was mis-allocated was $16,500 (difference
between applied and actual). This amount will be Debited
✓
to Manufacturing
Overhead Control.
(b) Use the Proration Method to allocate the $16,500 among the following accounts:
Work in Process will be
[Select]
Finished Goods will be [Select]
Cost of Goods Sold will be
[Select]
by
[Select]
[Select]
by
$16,750
$2,740
$4,606
$5,583
$3,410
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