Evener Inc. has provided the following data for the month of July. There were no

Question

Evener Inc. has provided the following data for the month of July. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.

The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.

Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied overhead for the period. (Round your intermediate calculations to nearest whole number. Omit the "$" sign in your response.)

Evener Inc. has provided the following data for the month of July. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.

Explanation / Answer

Manufacturing overhead Weight Weight *7000 Work in Process 6050 11% 770 Finished Goods 11550 21% 1470 Cost of Goods Sold 37400 68% 4760 55000 Work in Process Finished Goods Cost of Goods Sold Cost before overapplication of overhead 13150 37450 155200 Manufacturing overhead for the month was overapplied 770 1470 4760 Total Cost 13920 38920 159960 Work in Process 13920 Finished Goods 38920 Cost of Goods Sold 159960 Total 212800

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