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Category > Accounting Posted 12 Aug 2017 My Price 14.00

Lyster Inc

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

 

  Work in
Process		 Finished
Goods		 Cost of Goods Sold Total
Direct materials $2,820 $17,650 $44,060 $64,530
Direct labor 1,950 16,300 42,280 60,530
Manufacturing overhead applied 1,940 9,940 26,920 38,800
Total $6,710 $43,890 $113,260 $163,860

 

Manufacturing overhead for the month was underapplied by $1,400.
The company allocates under applied manufacturing 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.
The work in process inventory at the end of August after allocation of under applied manufacturing overhead for the month is:
  $6,705
  $6,700
  $6,780
  $6,775

 

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Maurice Tutor
(5)
Status NEW Posted 12 Aug 2017 12:08 AM My Price 14.00

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