Answer:
Instructions are listed below
Explanation:
Giving the following information:
Beginning Raw materials $26,400
Ending Raw materials $22,400
Beginning Work in process $ 18,400
Ending Work in process $ 11,400
Beginning Finished Goods $ 49,400
Ending Finished Goods $ 57,400
Additional information:
Raw materials purchases $ 73,400
Direct labor cost $ 93,400
Manufacturing overhead cost incurred $ 43,540
Indirect materials included in manufacturing overhead cost incurred $ 4,140
Manufacturing overhead cost applied to Work in Process $ 42,400
A) Cost of goods manufactured:
Beginning Work in process $ 18,400
Beginning Raw materials $26,400
Raw materials purchases $ 73,400
Ending Raw materials $22,400 (-)
Direct labor cost $ 93,400
Manufacturing overhead cost applied $ 42,400
Ending Work in process $ 11,400 (-)
Total= $220,200
B) Cost of goods sold:
Beginning Finished Goods $ 49,400
Cost of goods manufactured $220,200
Ending Finished Goods $ 57,400 (-)
Unadjusted COGS= $212,200
Underapplied MOH= 1140
Adjusted COGS= $213,340
