Problem 5-47 Name:
Insert your answers in the gray-shaded cells of columns C, G, and I. Enter
amounts to be deducted as negatives. If an entered answer is incorrect, an
asterisk will appear.
a-b. Direct material and raw material issued during April:
Cost of goods manufactured 96,000$
Add ending work in process:
Two jobs open have DM of 4,800$
Two jobs open have DL of 9,000
Two jobs open have applied OH of 6,432
Total 20,232
Total costs accounted for 116,232$
Less beginning work in process (15,400)
Cost of production inputs 100,832$
Less: Direct labor 36,400$
Applied OH 26,400 (62,800)
Cost of direct materials used 38,032$
Cost of indirect material used 11,600
Total cost of raw material used 49,632$
c. Beginning raw materials 9,600$
Raw materials purchased 56,000
Total raw materials available 65,600$
Raw materials issued (49,632)
Ending raw material 15,968$
d. Overhead applied 26,400$
Actual overhead charges:
Indirect labor 10,800$
Indirect material 11,600
All other 5,000
Total actual overhead (27,400)
(1,000)$
e. Beginning finished goods 16,800$
Add cost of goods manufactured 96,000
Cost of goods available 112,800$
Less ending finished goods (13,200)
Solution
Underapplied overhead in April
Cost of goods sold 99,600$