Huber and Sons uses job costing in a manufacturing setting. The firm began the month with $123
Question:
Direct materials requisitioned ..... $167
Direct labor ............. 224
Actual overhead ........... 899
Allocated overhead ......... 922
REQUIRED
A. Prepare journal entries for costs added to WIP this month.
B. Determine the amount of over-applied or under-applied overhead and prepare the journal entry to close it to cost of goods sold.
C. What is the value of ending work-in-process?
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Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
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