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3 years ago

Seaside Company's manufacturing overhead is overallocated by $16,000. The following inventory account detail is provided

Business

1 answer:

Mrac [35]3 years ago

4 0

Answer:

b. $23,350

Explanation:

The computation of final balance in fatal work-in-process inventory is presented with the help of spreadsheet as attached below:-

The formula is presented below:-

Amount of Over-allocated Overheads = Percentage of overhead applied × Over-allocated Overheads

Account Balance after = Account Balance before - Amount of Over-allocated Overheads

Therefore the correct answer is b. that is $23,350

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Using the FIFO cost method:

beginning WIP 34,600 units

materials $79,000 (100% complete)

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