Gowin Inc Has Provided the Following Data for the Month of of September

question 45

Multiple Choice

Gowin 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 overapplied by $13,000.
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 finished goods inventory at the end of September after allocation of any underapplied or overapplied overhead for the month is closest to:

• A) $34,859
• B) $34,860
• C) $37,981
• D) $37,980

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Definitions:

Clever Hans

A famous case study in early 20th century psychology of a horse that was claimed to have been able to perform arithmetic and other intellectual tasks.

Arithmetic

A branch of mathematics dealing with the properties and manipulation of numbers, including operations such as addition, subtraction, multiplication, and division.

Selective Attrition

The process where certain kinds of participants drop out of a study over time, potentially skewing the results.

Demand Characteristics

Subtle cues or signals in an experimental setup that suggest to participants what behavior is expected or desired, potentially influencing the outcomes of the study.