Before prorating the manufacturing overhead costs at the end of 2020, the Cost of Goods Sold and Finished Goods Inventory accounts had applied overhead costs of $59,400 and $39,000 in them, respectively. There wasnoWork-in-Process at the beginning or end of 2020. During the year, manufacturing overhead costs of $93,000 were actually incurred. The balance in the Applied Manufacturing Overhead was $98,400 at the end of 2020. If the under or overapplied overhead is prorated between Cost of Goods Sold and the inventory accounts, how much will be allocated to the Finished Goods Inventory?(Rounded to the nearest whole dollar.)

Answer rating: 100% (QA)

To calculate the amount of under or overapplied overhead that will be allocated to the Cost of Goods ... View the full answer