Question: PROBLEM 2: Use the two accounts below to answer questions a., b. and c. Work In Process for November Bal. 4,000 (7) 35,000 (4) 9,000
PROBLEM 2: Use the two accounts below to answer questions a., b. and c.
| Work In Process for November | |||
| Bal. | 4,000 | (7) | 35,000 |
| (4) | 9,000 | ||
| (5) | 5,000 | ||
| (6) | ??? | ||
| Bal. | 3,000 | ||
| Manufacturing Overhead | |||
| (8) | 8,000 | (11) | ??? |
| (9) | 11,000 | ||
| (10) | 6,000 | ||
| Bal. | 5,000 | ||
a. How much overhead was applied to production this period? ___________________
b. Is MOH over or underapplied? ________________________________
c. Do a cost of goods manufactured schedule below using direct materials of $9,000 and direct labor of $5,000, and other numbers as needed from the two accounts above. Write small and concisely; abbreviating labels is always fine. These are management reports, not financial statements.
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