Question: please make a spreadsheet with ecxel formulas Problem 11-19B Manufacturing cost flow for one-year period Meadowbrook Manufacturing started Year 2 with the following account balances.

Problem 11-19B Manufacturing cost flow for one-year period Meadowbrook Manufacturing started Year 2 with the following account balances. Iransactions during Year 2 1. Purchased $1,600 of raw materials with eash. 2. Transferred $1.000 of raw materials to the production department. 3. Incurred and paid cash for 80 hours of direct labor at $15 per hour. 4. Applied overhead cosis to Work in Process Inventory. The predetermined overtiead rate is $15 per direct labor hour. 5. Incurred actual overhead costs of $1,300 cash. 6. Completed work on 300 units for $7.20 per unic. 7. Paid $400 in selling and administrative expenses in cash. 8. Sold 200 units for $3,000 eash revenues. (Assume LIFO cost flow.) Meadowbrook eharges overapplied of underapplied overhead directly to Cost of Goods Sold. Required
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
