QUESTION 11 4 poi Johengen Inc. uses a job-order costing system in which any und

Question

QUESTION 11 4 poi Johengen Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month, The company has provided the following data for January: Direct materials.... $62,000 $82,000 Manufacturing overhead cost incurred. $66,000 Manufacturing overhead cost applied....$70,000 Inventories: Work in process. Beginning Ending S19,000 $11,000 54,000 $42,000 cost of goods sold that appears on the income statement for January and that has been adjusted for any underapplied or overapplied overhead is closest to: O $210,000 O $230,000 O$222,000 $238,000 QUESTION 12 4 poir Manufacturing overhead includes: O all direct material, direct labor and administrative costs. O all manufacturing costs except direct labor. D all manufacturing costs except direct labor and direct materials O all selling and administrative costs Click Save and Submit to save and submit. Click Save All Answers to sa

Explanation / Answer

Q11. Answer is $ 230000 Explanation: Direct material 62000 Direct Labour 82000 Manufacturing Oh 70000 Manufacturing cost 214000 Add: Beginning WIP 19000 Less: Ending Wip 11000 Cost of goods manufactured 222000 Add: Beginning FG 54000 Cost f goods available for sale 276000 Less: Ending FG 42000 Unadjusted cost of goods sold 234000 Less: Over applied Overheeads 4000 Adjusted Cost of Goods sold 230000 Q12. Answer is All Manufacturing cost except direct Material and direct labour.

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