Reference no: EM132856487
Given the following data for Mehring Company, compute adjusted costs of goods sold:
Mehring applied overhead using direct labor cost as a basis.
Purchases $170000
Beginning work in process $30000
Beginning raw materials $30000
Ending raw materials $20000
Direct labor $83000
Ending work in process $15000
Actual overhead $210000
Beginning finished goods $38000
Estimated Overhead $225000
Estimated direct labor $75000
Operating expenses $263000
Ending finished goods $23000
Problem A) What is the total manufacturing cost for the period?
Problem B) What is the cost of goods manufactured for the period?
Problem C) What is the unadjusted cost of goods sold for the period?
Problem D) What is the adjusted cost of goods sold for the period?