Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories: consequently, the direct materials, direct labor, and manufacturing overhead applied listed below a all for the current month. Cost of Work In Finished Goods Process Goods Total Sold $ 4,240 $14,740 $ 41,900 $ 60,880 Direct materials Direct labor 10,480 29,480 83,880 123,840 35,060 Manufacturing overhead applied 5,860 12,100 53,020 Total $20,580 $56,320 $160,840 $237,740 Manufacturing overhead for the month was overapplied by $3,100. 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 work in process inventory at the end of March after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: (Round intermediate percentage computations to the nearest whole percent.) Multiple Choice $20,310 $20,828 $20.899

Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories: consequently, the direct materials, direct labor, and manufacturing overhead applied listed below a all for the current month. Cost of Work In Finished Goods Process Goods Total Sold $ 4,240 $14,740 $ 41,900 $ 60,880 Direct materials Direct labor 10,480 29,480 83,880 123,840 35,060 Manufacturing overhead applied 5,860 12,100 53,020 Total $20,580 $56,320 $160,840 $237,740 Manufacturing overhead for the month was overapplied by $3,100. 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 work in process inventory at the end of March after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: (Round intermediate percentage computations to the nearest whole percent.) Multiple Choice $20,310 $20,828 $20.899

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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