Stangl Inc

question 76

Essay

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 $3,000.

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:

Fourteenth Amendment

is an amendment to the U.S. Constitution that grants citizenship to all persons born or naturalized in the United States, which included former slaves, and provides all citizens with equal protection under the laws.

Scalawag

A term used during the Reconstruction era in the United States to describe Southern whites who supported Reconstruction and the Republican Party, often used derogatorily.

Republicans

Refers to members or supporters of the Republican Party, one of the two major political parties in the United States, typically associated with conservative political ideologies.

White Southerner

A term referring to individuals of European descent living in the southern United States, especially noted in historical contexts involving social and racial dynamics.