Question

The following information was obtained from the records of Martinez Corporation during 2013.
1. Manufacturing overhead was applied at a rate of 175 percent of direct labor dollars.
2. Beginning value of inventory follows:
a. Beginning Work in Process Inventory, $32,000.
b. Beginning Finished Goods Inventory, $15,000.
3. During the period, Work in Process Inventory decreased by 25 percent and Finished Goods
Inventory increased by 30 percent.
4. Actual manufacturing overhead costs were $105,000.
5. Sales were $750,000.
6. Adjusted Cost of Goods Sold was $325,000.

Required:
Use the preceding information to find the missing values in the followingtable:


$1.99
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  • CreatedFebruary 27, 2015
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