I need help filling in the blanks. The solutions to 5P Chapter 19 didn\'t help.
ID: 2352008 • Letter: I
Question
I need help filling in the blanks. The solutions to 5P Chapter 19 didn't help.
Automotive Parts Company produces 12 parts for car bodies and sells them to three automobile assembly companies in the United States. The company implemented lean operating and costing procedures three years ago. Overhead is applied at a rate of $26 per work cell hour used. All direct materials and purchased parts are used as they are received.
Required:
1. Using T accounts, show the cost flows through a backflush costing system. Note: When there is more than one debit or credit for a T-account, enter the amounts in the same order as shown in the data above. If an amount is zero, enter "0".
2. Using T accounts, show the cost flows through a traditional costing system. Note: When there is more than one debit or credit for a T-account, enter the amounts in the same order as shown in the data above. If an amount is zero, enter "0".
3. What is the total cost of goods sold for the month?
$
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