Question

Reith Inc. has provided the following data for the month of November. There were no beginning...

Reith Inc. has provided the following data for the month of November. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.

Work In Process Finished Goods Cost of Goods Sold Total
Direct materials $ 1,850 $ 10,440 $ 58,560 $ 70,850
Direct labor 3,510 22,620 126,880 153,010
Manufacturing overhead applied 1,560 7,800 42,640 52,000
Total $ 6,920 $ 40,860 $ 228,080 $ 275,860

Manufacturing overhead for the month was overapplied by $4,000.

The company allocates any underapplied or overapplied manufacturing 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 cost of goods sold for November after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:

Multiple Choice

  • $224,800

  • $231,360

  • $224,080

  • $232,080

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Castagnola Inc. has provided the following data for the month of January. There were no beginning...
Castagnola Inc. has provided the following data for the month of January. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 880 $ 5,500 $ 23,100 $ 29,480 Direct labor 4,100 17,600 73,920 95,620 Manufacturing overhead applied 2,460 7,380 31,160 41,000 Total $ 7,440 $ 30,480 $ 128,180 $ 166,100 Manufacturing overhead for...
Rieb Incorporated has provided the following data for the month of September. There were no beginning...
Rieb Incorporated 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. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 3,750 $ 8,830 $ 47,350 $ 59,930 Direct labor 9,910 24,160 130,090 164,160 Manufacturing overhead applied 6,440 11,270 62,790 80,500 Total $ 20,100 $ 44,260 $ 240,230 $ 304,590 Manufacturing overhead for...
Rieb Inc. has provided the following data for the month of September. There were no beginning...
Rieb 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. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 3,710 $ 8,790 $ 47,310 $ 59,810 Direct labor 9,870 24,120 130,050 164,040 Manufacturing overhead applied 6,280 10,990 61,230 78,500 Total $ 19,860 $ 43,900 $ 238,590 $ 302,350 Manufacturing overhead for...
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials...
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 26,600 $ 22,600 Work in process $ 18,600 $ 11,600 Finished Goods $ 49,600 $ 57,600 Additional information: Raw materials purchases $ 73,600 Direct labor cost $ 93,600 Manufacturing overhead cost incurred $ 43,760 Indirect materials included in manufacturing overhead cost incurred $ 4,160 Manufacturing overhead cost applied to Work in Process $ 42,600 Any underapplied or overapplied manufacturing overhead is closed out...
Luebke Inc. has provided the following data for the month of November. The balance in the...
Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $55,000 and at the end of the month was $30,300. The cost of goods manufactured for the month was $213,500. The actual manufacturing overhead cost incurred was $55,900 and the manufacturing overhead cost applied to Work in Process was $59,200. The company closes out any underapplied or overapplied manufacturing overhead to cost of...
Q1 Weatherhead Inc. has provided the following data for the month of March. There were no...
Q1 Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 4,240 $ 14,740 $ 41,580 $ 60,560 Direct labor 9,840 29,480 83,880 123,200 Manufacturing overhead applied 5,860 10,660 35,060 51,580 Total $ 19,940 $ 54,880 $ 160,520 $ 235,340 Manufacturing overhead...
Item 5 Item 5 A company has provided the following data for the month of May:...
Item 5 Item 5 A company has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 25,000 $ 20,000 Finished goods $ 54,000 $ 58,000 Additional information: Direct materials $ 65,000 Direct labor cost $ 95,000 Manufacturing overhead cost incurred $ 71,000 Manufacturing overhead cost applied to Work in Process $ 69,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The adjusted cost of goods sold (that...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $ 19,500 Work in process, beginning balance $ 32,400 Finished Goods, beginning balance $ 50,400 Transactions: (1) Raw materials purchases $ 79,300 (2) Raw materials used in production (all direct materials) $ 77,700 (3) Direct labor $ 52,400 (4) Manufacturing overhead costs incurred $ 91,500 (5) Manufacturing overhead applied $ 72,400 (6) Cost of units completed and transferred from Work in Process to Finished...
Schoff Corporation has provided the following data for the most recent month:      Raw materials, beginning...
Schoff Corporation has provided the following data for the most recent month:      Raw materials, beginning balance $ 10,600   Work in process, beginning balance $ 22,400   Finished goods, beginning balance $ 52,700     Transactions (1) Raw materials purchases $ 75,400 (2) Raw materials used in production (all direct materials) $ 78,900 (3) Direct labor $ 72,400 (4) Manufacturing overhead costs incurred $ 82,300 (5) Manufacturing overhead applied $ 76,300 (6) Cost of units completed and transferred from work in process to...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $ 21,000 Work in process, beginning balance $ 33,000 Finished Goods, beginning balance $ 51,000 Transactions: (1) Raw materials purchases $ 79,000 (2) Raw materials used in production (all direct materials) $ 78,000 (3) Direct labor $ 53,000 (4) Manufacturing overhead costs incurred $ 93,000 (5) Manufacturing overhead applied $ 73,000 (6) Cost of units completed and transferred from Work in Process to Finished...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT