Exercise 5-22 Name:
Insert your answers in the gray-shaded cells of columns C, G, and I.
Enter amounts to be subtracted as negatives. If an answer is incorrect,
an asterisk will appear.
a. Direct material 2,850$
Direct labor 800
Applied overhead 680
Total cost 4,330$
b. Beginning work in process inventory 9,175$
Production costs:
Direct material 21,650$
Direct labor 6,300
Applied overhead 5,355
Total production costs 33,305
42,480$
Ending work in process inventory (4,330)
Cost of goods manufactured 38,150$
c. Actual overhead 5,054$
Applied overhead (5,355)
(301)$
Overapplied overhead
Solution