34,500 Dr. Finished Goods Inventory 49,500 Dr. Cost of Goods Sold 74,500 Dr. Additional information is as follows: Cost of direct materials purchased during 2015 $41,000 Cost of direct materials requisitioned in 2015 47,000 Cost of goods completed during 2015
Direct Materials Inventory $15,000 Dr.
WIP Inventory 34,500 Dr.
Finished Goods Inventory 49,500 Dr.
Cost of Goods Sold 74,500 Dr.
Additional information is as follows:
Cost of direct materials purchased during 2015 $41,000
Cost of direct materials requisitioned in 2015 47,000
Cost of goods completed during 2015 102,000
Factory
Underapplied factory overhead 4,000
Required:
- Compute beginning direct materials inventory.
- Compute beginning WIP inventory.
- Compute beginning finished goods inventory.
- Compute actual factory overhead incurred.
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