Trinkle Dinkle Co. incurred the following actual costs during 2022: Direct Material $387,500 Used Direct Labor $165,000 Manufacturing $365,000 Overhead The company uses a normal costing system (i.e - applies overhead) and has a pre- determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending Inventory Balances were as follows: Beginning Ending Raw Material $50,000 $ 54,500 Work in $ 65,650 $ 71,500 Process Finished Goods $ 63,000 $ 69,300 What was Cost of Goods Sold for 2022? $893,150 $886,850 $905,350 $911,650 Calculator Webcam
Trinkle Dinkle Co. incurred the following actual costs during 2022: Direct Material $387,500 Used Direct Labor $165,000 Manufacturing $365,000 Overhead The company uses a normal costing system (i.e - applies overhead) and has a pre- determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending Inventory Balances were as follows: Beginning Ending Raw Material $50,000 $ 54,500 Work in $ 65,650 $ 71,500 Process Finished Goods $ 63,000 $ 69,300 What was Cost of Goods Sold for 2022? $893,150 $886,850 $905,350 $911,650 Calculator Webcam
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no

Transcribed Image Text:Trinkle Dinkle Co. incurred the following actual costs during 2022:
Direct Material
$387,500
Used
Direct Labor
$165,000
Manufacturing
$365,000
Overhead
The company uses a normal costing system (i.e - applies overhead) and has a pre-
determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending
Inventory Balances were as follows:
Beginning
Ending
Raw Material $50,000
$ 54,500
Work in
$ 65,650
$ 71,500
Process
Finished
Goods
$ 63,000
$ 69,300
What was Cost of Goods Sold for 2022?
$893,150
$886,850
$905,350
$911,650
Calculator
Webcam
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education