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Accounting records for Antoinette Designs (AD) for November show the following (each entry is the total of the actual entries for the account for the month): Account Titles Work-in-Process Inventory (Direct Labor) Wages Payable Direct Materials Inventory Accounts Payable Finished Goods Inventory Work-in-Process Inventory Cost of Goods Solda Finished Goods Inventory Debit 7,240 122,230 Required A 136,900 132,305 Required: a. What was the finished goods inventory balance on November 30? b. How much manufacturing overhead was applied for November? c. What was the manufacturing overhead rate for November? d. How much manufacturing overhead was incurred for November? What was the Work-in-Process Inventory on November 1? *This entry does not include any over- or underapplied overhead. Over- or underapplied overhead is written off to Cost of Goods Sold once for the month. For November, the amount written off was 5 percent of overhead applied for November. Overhead is applied on the basis of direct labor costs. e. What was the Work-In-Process Inventory on November 1? f. What was the Work-In-Process Inventory on November 30? Work-in-process beginning inventory The Work-in-Process Inventory ending account balance on November 30 was 125 percent of the beginning balance. The Direct Materials Inventory ending balance on November 30 was $2,350 less than the beginning balance. The Finished Goods Inventory beginning balance on November 1 was $13,920. The September Income statement shows revenues of $208,000 and a gross profit of $76,600. Credit Required B Required C Required D Required E 7,240 122,230 136,900 Complete this question by entering your answers in the tabs below. 132,305 Required F

Accounting records for Antolnette Designs (AD) for November show the following (each entry is the total of the actual entries for the account for the month): "This entry does not include any over-or underapplied overhead. Over-or underapplied overhead is written oft to cost of Goods Sold once for the month. For November, the amount written off was 5 percent of overnead applied for November. Overhead is applied on the basis of direct labor costs The Work-In.Process Inventory ending account balance on November 30 was 125 percent of the beginning balance. The Direct Materials inventory ending balance on November 30 was $2,350 less than the beginning balance The Finished Goods Inventory beginning balance on November 1 was $13,920 The September income statement shows revenues of $208,000 and a gross pront of $76,600 Required: a. What was the finished goods inventory balance on November 30 ? b. How much manufacturing overhead was applied for November? c. What was the manufacturing overhead rate for November? d. How much manufacturing overhead was incurred for November? e. What was the Work- in Process inventory on November 1? 1. What was the Work-in-Process inventory on November 30 ? Complete this question by entering your answers in the tabs below. What was the Work-in-Process Inventory on November 1

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