Reference no: EM132993239

Question - Baltimore Company's January 1, 2020 finished goods inventory was $95,000. The January 1, 2021 finished goods inventory is $100,000. Cost of goods purchased for resale FY 2020 was $320,000. Use this information to determine the dollar amount of the FY 2020 cost of goods sold. Use whole numbers (no cents).

-During FY 2020 Annapolis Manufacturing had total manufacturing costs are $790,000. The January 1, 2020 balance of Work-in-Process Inventory is $100,000. The December 31, 2020 balance of Work-in-Process Inventory is $115,000. Use this information to determine the dollar amount of the FY 2020 Cost of Goods Manufactured. Use whole dollars (no cents).

-Baltimore Company uses a job order cost system and applies overhead based on estimated rates.  The overhead application rate is based on total estimated overhead costs of $600,000 and direct labor hours of 12,000. During the month of February 2021, job A-1 incurred direct labor of 1,300 hours. Use this information to determine the amount of factory overhead that was applied to job A-1. Round to nearest whole number (no cents).

-?Small Manufacturing Company has a standard overhead rate of $42 per hour. The labor rate is $20 per hour. Overhead is applied based on direct labor hours. Jobs B-1 and B-2 were completed during the month of March. Small incurred 140 hours of indirect labor during the month. Job B-1 used 82 direct labor hours and $3650 worth of direct material used. Job B-2 used 140 direct labor hours and $3,700 worth of direct material. What is the total cost of job B-2? Round to closest whole dollar (no cents).