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The Goods in Process Inventory Account for XYZ Inc If the Overhead Is Applied at the Rate of 80

question 33

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The Goods in Process Inventory Account for XYZ Inc.follows:
 Goods in Process Inventory  Beginning balance $4,750 Direct materials 17,925? CoG Manufactured  Direct labor 24,750 Applied overhead ? Ending balance $10,400\begin{array}{l}\text { Goods in Process Inventory }\\\begin{array} { l r | l } \hline \text { Beginning balance } & \$ 4,750 & \\\text { Direct materials } & 17,925 & ? \quad \text { CoG Manufactured } \\\text { Direct labor } & 24,750 & \\\text { Applied overhead } &?& \\ \text { Ending balance } & \$ 10,400 &\end{array}\end{array}


If the overhead is applied at the rate of 80% of direct labor cost,what is the amount of Cost of Goods Manufactured?

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Definitions:

Message Transfer Model

A communication model focusing on the transmission of messages from sender to receiver and the factors that influence the accuracy and reliability of the process.

Communication Process

The series of steps by which information is conveyed from sender to receiver, including encoding, transmitting, and decoding of messages.

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The exchange of information, emotions, and meanings between members of a family, through verbal and nonverbal methods.

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A state of wellbeing where an individual is aware of and can manage their emotions, and they can cope with life's challenges in a positive manner.

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