Question: > Question 3 5 pts Ralten Inc has provided the following data for the month of February. There were no beginning inventories, consequently, the direct

 > Question 3 5 pts Ralten Inc has provided the following

> Question 3 5 pts Ralten Inc has provided the following data for the month of February. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work in Process Direct Materials $ 12,150 Direct Labor $ 5,800 Manufacturing Overhead Applied $3,210 $ 21,160 Finished Goods $ 12,950 $ 26,150 $ 13,800 $ 52,900 Cost of Goods Total Sold $ 49,740 $ 74,840 $ 122,640 $ 154,590 $ 50,040 $ 67,050 $ 222,420 $ 296,480 Total Manufacturing overhead for the month was overapplied by $2,500 The company allocates any underapplied or overapplied manufacturing overhead to cost of goods sold at the end of the month Required Provide the journal entry that would record the allocation of underapplied or overapplied manufacturing overhead. Edit View Insert Format Tools Table

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!