Stangl Inc. has provided the following data for the month of September. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Manufacturing overhead for the month was underapplied by $3,100.The company allocates any underapplied or overapplied 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.Required:Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied overhead for the period.
Definitions:
Persuasion
The act of convincing someone to do or believe something through reasoning or argument.
Undue Influence
Manipulation or pressure exerted over another person, undermining their free will and leading to an unfair agreement or decision.
Liable
Being legally responsible or obligated to compensate for harm caused by one's actions or negligence.
Auction
A public sale where goods or property are sold to the highest bidder.
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