Amanda Corporation makes two kinds of hulls used to make speedboats. The regular hull is model R-750, and the deluxe model is D-800. For the year, Amanda furnishes you with the following information:

You also learn that Amanda incurred $1,358,500 in manufacturing overhead expenses during the year. Amanda allocates overhead to products using raw materials cost as the allocation basis. She does not distinguish between variable and fixed overhead.

Required:
Determine the value of the ending inventory of the twoproducts.

Transcribed Image Text:

R-750 D-800 Beginning inventory (WIP) $280,000 147,500 Raw materials used Labor used Cost of goods manufactured 2,250,000 2,346,900 690,000 545,000 985,000 1,342,600