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gyoku2302 gyoku2302
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A year ago

Weatherhead Incorporated has provided the following data for the month of March. 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$ 4,170$14,720$ 41,920$ 60,810
Direct labor10,52029,44083,840123,800
Manufacturing overhead applied5,83012,19034,98053,000
Total$20,520$56,350$160,740$237,610

Manufacturing overhead for the month was overapplied by $3,000.

The Corporation 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 manufacturing overhead applied during the month in those accounts.

The work in process inventory at the end of March after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:



▸ $20,261

▸ $20,779

▸ $20,850

▸ $20,190
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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shichihenge7shichihenge7
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A year ago
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gyoku2302 Author
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A year ago
Helped a lot
mambah4
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Yesterday
You make an excellent tutor!
ofsuahasiufhoas
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2 hours ago
Good timing, thanks!
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