Question

Beckett Industries has the following beginning and ending inventories for the month of April. April 1 April 30 Direct materials $67,000 $62,000 Work-in-process $145,000 $171,000 Finished goods $85,000 $78,000 Production data for the month of April is: Direct labor $200,000 Actual overhead $132,000 Direct materials purchased $163,000 Transportation in $4,000 Purchase Returns and Allowances $2,000 Beckett uses one overhead control account and charges overhead to production at 70% of direct labor cost. The company does not formally recognize over- or underapplied overhead until year-end. What is Beckett's cost of goods transferred to finished goods inventory for April? Multiple Choice A) $469,000. B) $477,000. C) $495,000. D) $484,000.

          Beckett Industries has the following beginning and ending inventories for the month of April.
April 1   April 30
Direct materials $67,000   $62,000 
Work-in-process  $145,000   $171,000 
Finished goods  $85,000   $78,000 

Production data for the month of April is:
Direct labor $200,000 
Actual overhead $132,000 
Direct materials purchased $163,000 
Transportation in $4,000 
Purchase Returns and Allowances $2,000 

Beckett uses one overhead control account and charges overhead to production at 70% of direct labor cost. The company does not formally recognize over- or underapplied overhead until year-end.

What is Beckett's cost of goods transferred to finished goods inventory for April?

Multiple Choice
A) $469,000.
B) $477,000.
C) $495,000.
D) $484,000.

Added by Caleb S.

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