Question: From raw materials inventory: Beginning inventory = $90,000 = Purchases $150,000 Ending Inventory = $143,000 From WIP inventory: Beginning inventory = $75,000 DL =

From raw materials inventory: Beginning inventory = $90,000 = Purchases $150,000 Ending

From raw materials inventory: Beginning inventory = $90,000 = Purchases $150,000 Ending Inventory = $143,000 From WIP inventory: Beginning inventory = $75,000 DL = $60,000 Ending inventory = $300,000 From FG Inventory: Beginning inventory = $200,000 Ending inventory = $58,000 = COGS $304,000 Actual MOH = $300,000 How much is the over/under applied MOH?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

misc selling and administrative costs is suppose to be 17,000 not 170,000 A B D m F ON 5 3. 6 SOUTHWORTH COMPANY 7 Schedule of Cost of Goods Manufactured 8 9 Direct materials: 10 Raw materials...

The following information was taken from the accounting records of Mitchell Company for last year: Selling expenses 140, 090 Raw materials inventory, January 1 90, 000 Raw materials inventory,...

please help solve this Current information for the Healey Company follows: Beginning raw materials inventory $15, 206 Raw material purchases 60, 060 Ending raw materials inventory 16, 600 Beginning...

The following information has been taken from the accounting books of ABC Ltd for 2020: Selling expenses 140 000 Raw materials inventory, January 1 90 000 Raw materials inventory, December 31 60 000...

I need help for those question . E4.16 E18.4 E19.7 P22.4 E23.4 E18.10 E22.10 CHAPTER 4 EXERCISES: SET B E4-1B The trial balance columns of the worksheet for Lamar Company at June 30, 2017, are as...

please can I get the excel formulas, thank you can I get the excel calculations to better learn? please Data Review View Tell me Home Insert Draw Formulas Page Layout Accounting Wrap Text Arial ' v...

I just really need help answering equations 9, 10 & 11. Anything helps, thanks! Your task is to make a master budgeting template in a spreadsheet. Obtain the pre- formatted spreadsheet (master.xls)....

i need help putting this master budget project together Your task is to make a master budgeting template in a spreadsheet. Obtain the pre- formatted spreadsheet (master.xls). The information...

24 The Work in Process Inventory account of a manufacturing company has a $10,308 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process...

Greystanes Pty Ltd uses a periodic inventory system and closes its accounts on 30 June each year. The company's closing entries made on 30 June 2019 were as shown below. June 10 200 26 400 80 630 2...

Q1. If $30,000 accumulates to $42,500 when invested at a simple interest for five years, what is the rate of interest? Q2. A man went to his bank and borrowed $24,000. He agreed to repay the sum at...

7. Use the demand schedule for diamonds given in Problem 5. De Beers is a monopo- list, but it can now price-discriminate perfectly among all five of its potential cus- tomers. De Beers's marginal...

Eliminate the parameter t to find a Cartesian equation for: x = t 2 y = 6 + 4 t The resulting equation is: x = A y 2 + B y + C where A = and B = and C = syntax incomplete.

Baldness is an example of Y-linked inheritance trait True False

How many ml of 3.00 M HCI(aq) solution are required to completely consume a 12.155 g sample of magnesium metal (molar mass = 24.31 g/mol) if the reaction is Mg(s) + 2 HCI(aq) - MgCl2(aq) + H2(g)? ....

Nitrogen atom (-N) has high electron affinity than carbon atom (C). Select one: O True O False

Non-Disjunction can only occur in sex chromosomes False True

Classify the following reaction by giving all of these reaction type(s) that apply. I. redox I. Decomposition II. Combination IV. displacement V. metathesis 2P6O(s) + O,(g)- 2P6O2(s) O a. I and II O...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

If Dave paid the $500 in 12 equal monthly payments, what was the APR? (Obj. 4)

Sidney took a $200 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee on the amount borrowed and offers no grace period on cash advances....

Dave borrowed $500 for one year and paid $50 in interest. The bank charged him a $5 service charge. What is the finance charge on this loan? (Obj. 4)