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cost of goods sold is $284,000. How much is cost of goods
manufactured?
8. Question :
(TCO 2) BCS Company applies manufacturing overhead based on direct
labor hours. Information concerning manufacturing overhead and labor
for August follows:
Estimated
Actual
9. Question :
(TCO 2) Citrus Company incurred manufacturing overhead costs of
$300,000. Total overhead applied to jobs was $306,000. What was the
amount of overapplied or underapplied overhead?
10. Question :
(TCO 3) Companies in which of the following industries would notbe
likely to use process costing?
11.Question :
(TCO 3) The Blending Department began the period with 20,000 units.
During the period the department received another 80,000 units from the
prior department and at the end of the period 30,000 units remained,
which were 40% complete. How much are equivalent units in The
Blending Department’s work in process inventory at the end of the
period?
12. Question :
(TCO 3) Ranger Glass Company manufactures glass for French doors.
At the start of May, 2,000 units were in-process. During May, 11,000
units were completed and 3,000 units were in process at the end of May.
These in-process units were 90% complete with respect to material and
50% complete with respect to conversion costs. Other information is as
follows:
Calculate the cost per equivalent unit for conversion costs.
13. Question :