80.2K
Verified Solution
Link Copied!
All the information you need is provided answer only if you know what to do, don't give me incomplete and incorrect answers.
Telstar uses job order costing. The T-accounts below summarize its production activity for the year.
Raw Materials Inventory
Debit 45900
Credit 25150
8900
Factory Wages Payable
Debit 126,900
Credit 86,650
41,150
Factory Overhead
Debit 8,900
41,150
62,270
Credit
103,584
Work in Process Inventory
Debit 25,150
86,650
103,584
Credit
171,220
Finished Goods Inventory
Debit
171,220
Credit
15,41,90
Compute the amount for each of the following.
- Direct materials used
- Indirect materials used
- Direct labor used
- Indirect labor used
- Cost of goods manufactured
- Cost of goods sold (before closing over- or underapplied overhead)
- Compute the amount that overhead is overapplied or underapplied.
Answer & Explanation
Solved by verified expert
