Solution-What is the balance of work in process after

What is the balance of work in process after proration

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Reference no: EM132805010

Question - Mercedes used a budgeted indirect-cost rate for its manufacturing operations, the amount that was allocated ($115,000) to cost of goods sold was different from the actual amount incurred ($135,000).

Ending balances in the relevant accounts were:

Work in process 100000

Finished Goods 300000

Cost of goods sold 600000

If Mercedes uses proration method to write off the difference between allocated and actual overhead, what is the balance of work in process after proration?

Reference no: EM132805010

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What is the balance of work in process after proration

Reference no: EM132805010

Reference no: EM132805010

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