Answered

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Manufacturing overhead for the month was overapplied by $3,600. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The work in process inventory at the end of March after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: (Round intermediate percentage computations to the nearest whole percent.)

Sagot :

Parrain

Answer: $19,648

Explanation:

This question is missing details that I could not find so I will answer with a similar question. You can use it to answer yours.

Work in process inventory at the end of March= Work in Process - Overapplied Manufacturing overhead overhead allocated to WIP

Percentage of overhead that went towards WIP:

= Manufacturing overhead applied to WIP/ Total overhead

= 5,830 / 51,920

= 11% (nearest whole percent)

Overapplied Overhead going allocated to WIP:

= Percentage of overhead to WIP * Overapplied overhead for the month

= 11% * $4,200

= $462

Work in process inventory at end of March = 20,110 - 462

= $19,648

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