Cost Added in July BalanceDirectDirect Balance
Question:
Cost Added in July BalanceDirectDirect
Balance Dircet D.Labor
Job.No 6/30/2020 MaterialsLabor
Job 101 $9,000 $1,870 $800
Job 102 6,780 4,000 2,300
Job 103 9,300 2,680 1,870
Job 10 4 5,670 7,400 1,560
Job 105 00 5,000 1,370
Job 106 00 2,800 1,800
Actual Manufacturing OH for July was $32,765 At the end of July Jobs 101, 102, and 103 were finished. Jobs 101 and 102 had been delivered to the customer.
1. What is the ending balance in Work in process for July 31
2. What is the ending balance in Finished Goods for July 31?
3. What is the total cost of goods manufactured in July 31?
4. How much is over or underapplied OH?
5. What is the amount of Cost of Goods Sold reported for July?
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips