Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information was obtained from the re

The following information was obtained from the records of Appleton Corporation during 2018. . ...

80.2K

Verified Solution

Question

Accounting

image
The following information was obtained from the records of Appleton Corporation during 2018. . Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. Beginning value of Inventory follows: Beginning Work in Process Inventory, $5,000. Beginning Finished Goods Inventory. $16,000. During the period. Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent Actual manufacturing overhead costs were $90,000 Sales were $403,000 Adjusted Cost of Goods Sold was $315,000. . Required: Use the preceding information to find the missing values in the following table: Item Amount 85.000 5,000 Direct Materials Used Direct Labor Manufacturing Overhead Applied Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured PlusBeginning Finished Goods Inventory Less: Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Overhead Adjustment Adjusted Cost of Goods Sold 16,000 $ 315,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Background Info:What is the percentage of debt used to finance Gap?___56%_____What is the...Background Info:What...

Accounting
Q

In a downhill ski race surprisingly little advantage is gained by getting a running start. This...

Physics
Q

Can drugs be used for positive purposes? Think of the effects of psychoactive drugs/hallucinogens, stimulants, depressants,...

Psychology
Q

During the first quarter of 2015, Toronto Dominion Bank (TD) stock cost $45 per share, was...

Basic Math
Q

The circle with center C 2 5 and containing the point P 2 1

Geometry
Q

Cash account balance During the month Bavarian Auto Co received 441 950 in cash and...

Basic Math
Q

Find the gradient field F Vop for the potential function p Sketch a few level...

Calculus
Q

Question 7 14 2 points Infinite Geometric Series Find the sum of the infinite geometric...

Algebra
Q

Which real numbers are zeros of the function f x 2x 9x 7x 6x Select...

Algebra
Q

Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 7 pounds of direct materials at...

Accounting
Q

Chapter 6 Proprietary Funds I need Part 3 6C. Part 1. Internal Service...

Accounting
Q

Exercise 9-22 Your answer is incorrect. Try again The records of Riverbed's Boutique report the...

Accounting