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theroyalty theroyalty
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A year ago

Jaquish Incorporated has provided the following data for the month of January. 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 ProcessFinished GoodsCost of Goods SoldTotal
Direct materials$2,440$ 7,800$ 37,900$ 48,140
Direct labor3,19012,48060,64076,310
Manufacturing overhead applied3,2006,40030,40040,000
Total$8,830$26,680$128,940$164,450

Manufacturing overhead for the month was underapplied by $6,000.

The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.

The finished goods inventory at the end of January after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:



▸ $25,720

▸ $27,653

▸ $25,707

▸ $27,640
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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uhpikapp64uhpikapp64
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A year ago
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theroyalty Author
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A year ago
Good timing, thanks!
bkrandy
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Yesterday
Helped a lot
tcat
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2 hours ago
Smart ... Thanks!
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