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Wandrie Inc Manufacturing Overhead for the Month Was Overapplied by $3,000

question 18

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Wandrie Inc.has provided the following data for the month of October.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 Finished Cost of Process Goods Goods Sold TotalDirect materials.............$6,320$15,860$80,080$102,260Direct labor...................5,45015,25077,00097,700Manufacturing overhead applied..........................5,84010,95056,21073,000Total.............................$17,610$42,060$213,290$272,960\begin{array}{lrrrr}&\text {Work In}&\text { Finished }&\text {Cost of }\\&\text {Process}&\text { Goods}&\text { Goods Sold}&\text { Total}\\\text {Direct materials.............}&\$ 6,320 & \$ 15,860 & \$ 80,080 & \$ 102,260 \\\text {Direct labor...................}&5,450 & 15,250 & 77,000 & 97,700 \\\text {Manufacturing overhead}&\\\text { applied..........................}&\underline{5,840} & \underline{10,950}& \underline{56,210} & \underline{73,000} \\\text {Total.............................}&\underline{ \$ 17,610} & \underline{ \$ 42,060} & \underline{ \$ 213,290} & \underline{\$ 272,960}\end{array}
Manufacturing overhead for the month was overapplied 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.
The cost of goods sold for October after allocation of any underapplied or overapplied overhead for the month is closest to:

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Epithelial Tissue

A type of tissue that lines the outer surfaces of organs and blood vessels, as well as the inner surfaces of cavities in many internal organs.

Laryngopharynx

The region of the throat that connects the oropharynx with the larynx, facilitating the passage of food and air.

Nasopharynx

The top segment of the pharynx that links to the nasal cavity above the soft palate.

Caudal Lobe

A term often relating to the posterior division of an organ, or in some contexts, a specific part of the lung in animals.

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