Data Corporation, a manufacturer, uses job order costing and buys all raw materials on account from...

   

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Data Corporation, a manufacturer, uses job order costing and buys all raw materials on account from vendor, Snip Company. Data provides the below 20X2 account activity and shares further that throughout 20X2 Data applied overhead to jobs using direct labor dollars as the cost driver and that the company's manufacturing overhead account was underapplied by $8,000 as of 12/31/20X2. Data disposes of over/under applied MOH using the method discussed in class. BB 90,000.00 Raw Materials EB 110,000.00 BB EB b Accounts Payable- Snip 35,000.00 h 310,000.00 28,000.00 BB EB (i) (ii) (iii) Work in Process 215,000.00 C d e 235,000.00 MOH 215,000.00 i I Finished Goods 325,000.00 g 440,000.00 707,000.00 Data Corporation, a manufacturer, uses job order costing and buys all raw materials on account from vendor, Snip Company. Data provides the below 20X2 account activity and shares further that throughout 20X2 Data applied overhead to jobs using direct labor dollars as the cost driver and that the company's manufacturing overhead account was underapplied by $8,000 as of 12/31/20X2. Data disposes of over/under applied MOH using the method discussed in class. BB 90,000.00 Raw Materials EB 110,000.00 BB EB b Accounts Payable- Snip 35,000.00 h 310,000.00 28,000.00 BB EB (i) (ii) (iii) Work in Process 215,000.00 C d e 235,000.00 MOH 215,000.00 i I Finished Goods 325,000.00 g 440,000.00 707,000.00

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