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Question
During last period, a company's overhead rate was 150% of direct labor cost. This caused factory overhead to be $10,000 overapplied. Use the following incomplete accounts to determine the cost of goods manufactured:
| Goods in Process Inventory | Finished Goods Inventory | |||||
| Beg. Bal. 10,000 | Beg. Bal. 30,000 | |||||
| D.M. 80,000 | ? | ? | ||||
| D.L. ? | ||||||
| O.H. ? | COGM ? | |||||
| End. Bal. 20,000 | End. Bal. 70,000 | |||||
| Factory Overhead | ||||||
| 50,000 | ||||||
A. $130,000
B. $170,000
C. $ 40,000
D. $ 60,000
E. $ 90,000
Answer
This answer is hidden. It contains 130 characters.
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