Question: Please help really having a hard time prepare a schedule of cost goods manufactured Baab Corporation is a manufacturing firm that uses job-order costing. The

Please help really having a hard time
prepare a schedule of cost goods manufactured  Please help really having a hard time prepare a schedule of
cost goods manufactured Baab Corporation is a manufacturing firm that uses job-order

Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Raw materials Work in process Finished Goods Beginning Ending Balance Balance $ 14,800 $22,880 $ 27,800 $ 9,800 $ 62,800 $77,880 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,800 machine-hours and incur $290,680 in manufacturing overhead cost. The following transactions were recorded for the year: Raw materials were purchased, $315,800 Raw materials were requisitioned for use in production, $307,800 ($280,200 direct and $27.600 indirect). . The following employee costs were incurred: direct labor, $377,800; indirect labor, $96,800, and administrative salaries, $172,800. Selling costs, $147,800. Factory utility costs. $10.800. Depreciation for the year was $175,000 of which $170.000 is related to factory operations and $5,000 is related to selling, general, and administrative activities Manufacturing overhead was applied to jobs. The actual level of activity for the year was 34,160 machine- hours Sales for the year totaled $1,310,000 Required: a. Prepare a schedule of cost of goods manufactured b. Was the overhead underapplied or overapplied? By how much? c. Prepare an income statement for the year. The company closes any underapplied or overapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the table below. Required A Required B Required Prey 3 of 20 Next > Required A Required B Required C Prepare a schedule of cost of goods manufactured. (Round your intermediate calculations to Baab Corporation Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available 0 Raw materials used in production Total manufacturing costs Cost of goods manufactured RO Required B >

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