CoursHeroTranscribedText: Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of...
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CoursHeroTranscribedText: Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow. Materials Inventory Work-In-Process Inventory Finished Goods Inventory BB (2/1) 56, 000 BB (2/1) 100, 800 BB (2/1) 200, 800 227 , 600 189 , 800 Labor 185 , 700 345 , 600 249 , 500 Cost of Goods Sold Manufacturing Overhead Control Applied Manufacturing Overhead 155 , 400 141, 132 Additional information for February follows: Labor wage rate was $29 per hour. During the month, sales revenue was $600,600, and selling and administrative costs were $103,000. This company has no indirect materials or supplies. . The company applies manufacturing overhead on the basis of direct labor costs.Required A Required B Required C Required D Required E Required F What was the cost of direct materials issued to production during February? _:| Required A Required B Required C Required D Required E Required F What was the over- or underapplied manufacturing overhead for February? manufacturing overheadRequired A Required B Required C Required D Required E Required F What was the manufacturing overhead application rate in February? Manufacturing overhead %Required A Required B Required C Required D Required E What was the cost of products completed during February? Required F Required A Required B Required C Required D Required E Required F What was the balance of the Work-in-Process Inventory account at the end of February? _:| What was the operating prot for February? Any over or underapplied overhead is written off to Cost of Goods Sold. (Loss amounts should be indicated with a minus sign.)
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