Question

Revisit Exercise 4-14 about Drew Corp.



If you have not already completed that exercise, do so before answering the following questions.

Required
a. Calculate under- or overapplied overhead for the year.
b. Assuming that Drew closes under- or overapplied overhead to Cost of Goods Sold, calculate the cost of goods sold for the year.
c. Assuming that Drew prorates under- or overapplied overhead to the appropriate accounts, calculate the adjusted Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold balances for theyear.


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  • CreatedFebruary 21, 2014
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