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- Bloxi Corp, appllies overhead at the rate of 85 peicent of diect labor cost....

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Accounting

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- Bloxi Corp, appllies overhead at the rate of 85 peicent of diect labor cost. - The cost of zoods sold for the company averages 75 percent of seling price. Sales from january 1 to the date of the humicane focaled $639.200 been recorded for fob Qaz: Determine the following amounts A. Cost of goods sold for the year 3 479,400 b. Cost of goods manufactured diting the year 5 i 0 job tives 5 o Jot oseris is o d. Coat of wis inwantory sestroyed by the hurricane - January 1 inventories (of the current year) were as follows; 57,800 of Raw Material and $27,560 of finished Gonds. Raw materials purchased during the year totaled 5397,310 . - The amount of Work in Process inventory at january (of the current yean was 55,840 . jobs 8325 and Q428 were not in process on january 1 . - One job, R91, was completed and in the warehouse awaiting shipment on September 25 . The total cost of this job was $66240 Determine the following amounss a. Cost of goods sold for the year s b. Cost of goods manufactured during the year s c. Amount of applied overhead for each job in WiP inventory Note: flound your answers to two decimal places

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