Walsh Corporaton had only one iob in process on May 1 The job had been chaiged w

Question

Walsh Corporaton had only one iob in process on May 1 The job had been chaiged with $1,300 af drect matenats, 56966 of dredi labor, and 59 936 of predetermined overhead rate of $18.40 per drect labor hou Frago or 2 Dun May the folowing act my was recorded Raw materias (al direct materials Beginning balance Purchased during the month Used in production Labor Direct labor-hours worked during the month Direct labor cost incurred Actual manufacturing overhead costs incurred Inventones Raw materials, May 30 Werk in process, May 30 S 8,500 S 38,000 s 39,300 1 900 5 24510 S 33,300 S 16,937 Work: in process invertory on May 30 contains $3,741 of deedt labor cost Raw materials consist solely of tems that are classited as drect mabtials The coset of goods manufachured for May was Selkct one a 5100 535 O b. 588 770 O c $97.110 D d $110,800 Guentan 6 Walsh Corporaton incuned 569.000 of actual Manutacturing Overhead costs during Odober Manufacturing Overhead costs woud include a 0 ot actual Manufachring Overhiead costs during odober Curimg the ssme periog During the seme Manuurna Dueshead appling t o lork in Frones was 570,000 The ysuma entry to rescard the incurence of the actual Select one O a debit to Manufacturing Overtead of $89.000 O b. debit so Work in Process of 570 000

Explanation / Answer

Solution: $100,535

Working:

Raw materials used in production 39,300 Direct labor 24,510 Manufacturing overhead applied to work in process ($18.40 * 1,900) 34,960 Total manufacturing costs 98,770 Plus: Work in process, beginning 18,702 117,472 Minus: Work in process, ending 16,937 Cost of goods manufactured 100,535

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.