Idk what im doing wrong this is the question
The following T-accounts of a manufacturer summarize its production activity for the year. Compute the ending
balance in each account,then compute the amount for each of the manufacturing cost flows
Raw Materials Inventory 65,500 45,000
Factory Wages Payable
209,000
135,000
18,000
74,000
20.500
0 x
Work in Process Inventory 45,000 263,000
Factory Overhead 18,000 148,500
135,000
74,000
148,500 65,500
65,700 9,200
Finished Goods Inventory 263,000
210,000
53.000.
Required: Compute the following amounts
Direct materials used
$63,000 X $18.000
Indirect materials used Direct labor used Indirect labor used Cost of goods manufactured Cost of goods sold(before closing over-or underapplied overhead) Actual overhead incurred Overhead applied The amount of over-or underapplied overhead
$135.000 $74,000 $135.000 X $210,000 $157,700 $- $- ? d ?
Indicate whether overhead is over-or underapplied
Cost of goods sold(after closing over-or underapplied overhead)
