Question 17 FLAG QUESTION Partially completed Taccounts and additional information for Cardinals, Inc., for the month of November appear next Work-In-Process Inventory BU (11/1) 74,000 Labor 99,000 Cost of Goods Sold Materials Inventory BB (11/1) 44 000 134,000 103,000 Finished Goods Inventory BB (11/1) 94,000 194,000 134000 Manufacturing Overhead Control Applied Manufacturing Overhead 92,000 Additional information for November follow Labor wage rate was $30 per hour Manufacturing overhead is applied at $24 per direct labot hout. During the month, sales revenue was $340,000, and selling and administrative costs were $62,000 This company has no indirect materials or supplies 16 17 Required Do NOT use commas in your answers. 19 20 1. What cost amount of direct materials was issued to production during November? Direct Materiais 2. How much manufacturing overhead was applied to products during November? 3. What was the cost of products completed during November Cost of Products Completed 3 4. What was the balance of the Work in Process inventory account at the end of November? Ending Balance 17 10 5 and 6 What was the over- or underapplied manufacturing overhead for November? 5 Manufacturing Overhead 7 What was the operating profit (loss) for November? (Use minus sign in front of number if it is a loss) Operating profit (loss) Answers 1 - 7