Direct Materials Inventory
Work-in-process inventory
Finished Goods Inventory
Additional information:
Direct Materials purchased
Direct labor costs incurred
Machine hours worked
Actual unit-related manufacturing overhead
Applied unit-related manufacturing overhead
Required: Calculate the following amounts:
A. Direct materials used in production
B. Cost of goods manufactured
C. Cost of goods sold
Calculate the following amounts:
D. Applied manufacturing overhead
E. Over or under applied manufacturing overhead
Beginning Ending
Balance Balance
$50,000 $80,000
100,000 120,000
110,000 140,000
$475,000
$150,000
35,000
$410,000
$12 per machine hour
