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. - A . Materials Inventory # Debit BB (4/1) 29,000 213,000 Credit Debit 178,000 Cost of Goods Sold Credit 7,500 Work-in-Process Inventory Credit Debit Labor 102,000 EB (4/30) 95,000 Manufacturing Overhead Control Debit Credit 81,500 81,500 Additional information for April follows: The labor wage rate was $30 per hour. During the month, sales revenue was $322,000, and selling and administrative costs were $93,000. This company has no indirect materials or supplies. The company applies manufacturing overhead on the basis of direct labor-hours. Customer returns are discarded and not resold. Finished Goods Inventory Debit Required: a. What was the cost of direct materials purchased in April? b. What was the over- or underapplied manufacturing overhead for April? c. What was the manufacturing overhead application rate in April? BB (4/1) 91,000 297,000 84,300 7,500 Credit Applied Manufacturing Overhead Debit Credit 276,000 91,800 d. What was the cost of products completed during April? e. What was the balance of the Work-in-Process Inventory account at the beginning of April? f. What was the operating profit (or loss) for April? Any over- or underapplied overhead is written off to Cost of Goods Sold.

- During the month, sales revenue was $322,000, and selling and administrative costs were $93,000. - This company has no indirect materials or supplies. - The company applies manufacturing overhead on the basis of direct labor-hours. - Customer returns are discarded and not resold. Required: a. What was the cost of direct materials purchased in April? b. What was the over-or underapplied manufacturing overhead for April? c. What was the manufocturing overhead application rate in April? d. What was the cost of products completed during April? e. What was the batance of the Work-in-Process Inventory account at the beginning of April? f. What was the operating profit (or loss) for April? Any over-or underapplied overhead is written off to Cost of Goods Sold. Additional information for April follows: - The labor wage rate was $30 per hour. - During the month, sales revenue was $322,000, and selling and administrative costs were $93,000. - This company has no indirect materials or supplies. - The company applies manufacturing overhead on the basis of direct labor-hours. - Customer returns are discarded and not resold. Required: a. What was the cost of direct materials purchased in April? b. What was the over-or underapplied manufacturing overhead for April? c. What was the manufacturing overhead application rate in April? d. What was the cost of products completed during April? e. What was the balance of the Work-in-Process Inventory account at the beginning of April? f. What was the operating profit (or loss) for April? Any over-or underapplied overhead is written off to Cost of Goods Sold

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