Question: Chapter 3 Quiz Seved Help Save & Ex Submit 1 Stangl Inc. has provided the following data for the month of September. There were no
Chapter 3 Quiz Seved Help Save & Ex Submit 1 Stangl Inc. has provided the following data for the month of September. There were no beginning inventories, consequently, the direct materials, direct labor and manufacturing overhead applied listed below are all for the current month. Cost of Goods Work In Process Finished Goods Sold Direct materials Total $ 1,60 5 7,599 $ 14,610 $ 23,660 Direct labor 5,464 17,50 34.590 57.900 Manufacturing overhead applied 700 18. SA 32.600 Total $ 11,355 35,220 $ 67,702 $ 114,360 2005 Manufacturing overhead for the month was underapplied by $4,800, The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts Required: Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overappiled overhead for the period Allocation of Underappiled overapplied Overhead W Fred goods Cost of goods sold
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