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Natasha2012 [34]
3 years ago
6

EB5.

Business
1 answer:
lord [1]3 years ago
7 0

Answer:

                                    $

Material used            2,500                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

Direct labour             5,000

Overhead applied    200

Cost of goods sold   7,700                                                                                    

Explanation:

The overhead applied is the difference between cost of goods sold and cost of material used and direct labour. The cost of goods sold is $7,700 while the cost of material and labour is $7,500. The difference of $200       represents the overhead applied.                                                                                                                                                                                                                                                

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Barkley Company uses a periodic inventory system and has the following account balances: Beginning Inventory $50,000, Ending Inv
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