Question: please answer it in an hour Acct 3041 Final Fall 2020 Name Problem 1 - 12 points Consider the following data: Cost of goods sold

please answer it in an hour please answer it in an hour Acct 3041 Final Fall 2020 Name

Acct 3041 Final Fall 2020 Name Problem 1 - 12 points Consider the following data: Cost of goods sold $70 Direct labor $20 Direct materials used $15 Cost of goods manufactured $80 Work in process ending $10 Finished goods ending $15 Actual overhead $35 OH allocated at 150% of DLS. Show all computations. a) Prepare a schedule of COGM & Sold using OH allocated. b) Prepare the journal entry to close OH

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!