t the end of 2018, Furry Balls Co. Had the following account balances after factory overhead had been closed to manufacturing overhead control: Manufacturing overhead control: P20,000 cr. Cost of goods sold 384,000 dr. Finished goods 96,000 dr. Work in process 160,000 dr. Raw materials 160,000 dr. Case 1: Any under -or overapplied overhead is considered immaterial. 1 What is the adjusted balance cost of goods sold after disposing of the under-or over-applied overhead? a. 364,000 b. 372,000 c. 396,000 d. 404,000 2. What is the adjusted balance of finished goods inventory after disposing of the under-or over-applied overhead? a. 93,000 b. 96,000 c. 99,000 d. 102,000 3. What is the adjusted balance of work in process inventory after disposing of the under-or over-applied overhead? a. 155,000 b. 160,000 c. 165,000 d. 170,000
At the end of 2018, Furry Balls Co. Had the following account balances after factory
had been closed to manufacturing overhead control:
Manufacturing overhead control: P20,000 cr.
Cost of goods sold 384,000 dr.
Finished goods 96,000 dr.
Work in process 160,000 dr.
Raw materials 160,000 dr.
Case 1: Any under -or overapplied overhead is considered immaterial.
1 What is the adjusted balance cost of goods sold after disposing of the under-or over-applied overhead?
a. 364,000 b. 372,000 c. 396,000 d. 404,000
2. What is the adjusted balance of finished goods inventory after disposing of the under-or over-applied overhead?
a. 93,000 b. 96,000 c. 99,000 d. 102,000
3. What is the adjusted balance of work in process inventory after disposing of the under-or over-applied overhead?
a. 155,000 b. 160,000 c. 165,000 d. 170,000
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