Solution-Allocation of any underapplied or overapplied

Allocation of any underapplied or overapplied overhead

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Reference no: EM13341580

Sanker Inc. has provided the following data for the month of August. 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	$2,790	$7,680	$18,240	$28,710
Direct labor	9,700	19,200	45,600	74,500
Manufacturing overhead applied	5,440	8,000	18,560	32,000
Total	$17,930	$34,880	$82,400	$135,210

Manufacturing overhead for the month was overapplied by $5,000. The company allocates any underapplied or overapplied 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 work-in-process inventory at the end of August after allocation of any underapplied or overapplied overhead for the month is closest to

Reference no: EM13341580

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Allocation of any underapplied or overapplied overhead

Reference no: EM13341580

Reference no: EM13341580

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