During the month of June the work in process inventory has decreased by $15,000 while the finished goods inventory has decreased by $20,000. The cost of goods sold for the month was $70,000. Assume that the prime cost for the month of June was $15,000, calculate the manufacturing overhead applied ($). O a. 90,000 Оь. 35.000 Oc. 60,000 O d. 105,000 O e. 20,000
During the month of June the work in process inventory has decreased by $15,000 while the finished goods inventory has decreased by $20,000. The cost of goods sold for the month was $70,000. Assume that the prime cost for the month of June was $15,000, calculate the manufacturing overhead applied ($). O a. 90,000 Оь. 35.000 Oc. 60,000 O d. 105,000 O e. 20,000
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 2E: During the month, a company with no departmentalization incurred costs of 45,000 for materials,...
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