Chapter 17, Problem 16Q

Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had applied overhead costs of $59,700 and $54,000 in them, respectively. There was no Work-in-Process at the beginning or end of 2016. During the year, manufacturing overhead costs of $88,000 were actually incurred. The balance in the Applied Manufacturing Overhead was $94,500 at the end of 2016. If the under-or overapplied overhead is prorated between the Cost of Goods Sold and the inventory accounts, how much will be the Cost of Goods Sold after the proration? (rounded answer)

Dexler Manufacturing has annual sales of $5.2 million, cost of goods sold of $2,000,000, average inventory of $1,200,000, and average accounts receivable of $800,000. Assume all of Dexler’s sales are on credit. What is the firm’s operating cycle? Right answer

What is the total cost of the job?