Westbrook Manufacturing Company provides the following data for the month of December: 1. The balance in the Finished Goods inventory account at the beginning of the month was $45,000 and at the end of the month was $35,500. 2. The cost of goods manufactured for the month was $180,000. 3. The actual manufacturing overhead cost incurred was $48,600 and the manufacturing overhead cost applied to Work in Process was $52,200. 4. The company closes out any underapplied or overapplied manufacturing overhead to the cost of goods sold. Required: Calculate the adjusted cost of goods sold that would appear on the income statement for December.

Westbrook Manufacturing Company provides the following data for the month of December: 1. The balance in the Finished Goods inventory account at the beginning of the month was $45,000 and at the end of the month was $35,500. 2. The cost of goods manufactured for the month was $180,000. 3. The actual manufacturing overhead cost incurred was $48,600 and the manufacturing overhead cost applied to Work in Process was $52,200. 4. The company closes out any underapplied or overapplied manufacturing overhead to the cost of goods sold. Required: Calculate the adjusted cost of goods sold that would appear on the income statement for December.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...

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