Examlex

Solved

Ardvark Inc

question 120

Essay

Ardvark Inc.has provided the following data for the month of November.There were no beginning inventories;consequently,the direct materials,direct labor,and manufacturing overhead applied listed below are all for the current month.
Ardvark Inc.has provided the following data for the month of November.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 $6,000.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.
Manufacturing overhead for the month was underapplied by $6,000.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:

Related Questions