Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
itpf04 itpf04
wrote...
Posts: 133
Rep: 0 0
A year ago
Dawn Manufacturing produces industrial light fixtures. For the year, management estimated that total manufacturing overhead would be $1,120,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 144,600 direct labor hours. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control:

Raw Materials Inventory$124,600
Work in Process Inventory464,220
Finished Goods Inventory432,870
Cost of Goods Sold2,340,900

For the year, manufacturing overhead was overapplied by $340,000. If Dawn prorates the overapplied overhead, what is the ending balance of Cost of Goods Sold? Use four decimal places for the rate.

▸ $2,104,192

▸ $2,095,114

▸ $2,577,608

▸ $2,586,686
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 30 times
1 Reply
Replies
Answer verified by a subject expert
austsieraustsier
wrote...
Posts: 125
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

itpf04 Author
wrote...

A year ago
This calls for a celebration Person Raising Both Hands in Celebration
wrote...

Yesterday
Thanks
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  844 People Browsing
Related Images
  
 233
  
 216
  
 1062
Your Opinion