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Hardigree Corporation uses a job-order costing system. The following data relate to the just ...

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Hardigree Corporation uses a job-order costing system. The following data relate to the just ...

Hardigree Corporation uses a job-order costing system. The following data relate to the just completed month's operations

Beginning balance in Work in Process	$ 36,000
(1) Raw materials purchased on account	$207,000
(2) Direct materials requisitioned for use in production	$161,000
(3) Indirect materials requisitioned for use in production	$ 42,000
(4) Direct labor wages incurred	$ 87,000
(5) Indirect labor wages incurred	$101,000
(6) Depreciation recorded on factory equipment	$ 42,000
(7) Additional manufacturing overhead costs incurred	$ 57,000
(8) Manufacturing overhead costs applied to jobs	$219,000
(9) Cost of jobs completed and transferred from Work in Process to Finished Goods	$403,000

The manufacturing overhead was:

▸ $23,000 Overapplied

▸ $23,000 Underapplied

▸ $19,000 Overapplied

▸ $19,000 Underapplied

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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