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The following partially complete T-accounts for the month of June along with additional information are from Renfrew & Company. Finished Goods Inventory Debit Credit . . D Materials Inventory Debit BB (6/1) B 57,000 204,000 Debit Additional information for June follows: Credit 162,000 Cost of Goods Sold Credit Work-in-Process Inventory Credit Debit BB (6/1) 78,000 Manufacturing overhead is applied at 90 percent of direct labor cost. Direct labor-hours recorded on jobs in June totaled 4,260. During the month, sales revenue was $441,000, and selling and administrative costs were $85,000. The labor wage rate was $25 per hour. . This company uses no indirect materials or supplies. Any products returned by customers are discarded and not resold. Required: a. What cost amount of direct materials was issued to production during June? b. How much manufacturing overhead was applied to products during June? c. What was the cost of products completed during June? d. What was the balance of the Work-in-Process Inventory account at the end of June? Manufacturing Overhead Control Credit Debit 130,000 BB (6/1) 133,000 280,000 175,000 Applied Manufacturing Overhead Debit Credit e. What was the over- or underapplied manufacturing overhead for June? f. What was the operating profit (loss) for June? Any over- or underapplied overhead is written off to Cost of Goods Sold.

The following partially complete T-accounts for the month of June along with additional information are from Renfrew \& Company Additional information for June follows: - Manufacturing overhead is applied at 90 percent of direct labor cost. - Direct labor-hours recorded on jobs in June totaled 4.260. - During the month, sales revenue was $441,000, and selling and administrative costs were $85,000. - The labor wage rate was $25 per hour: - This company uses no indirect materials or supplies. - Any products returned by customers are discarded and not resold. Required: Q. What cost amount of direct materials was issued to production during June? b. How much manufacturing overhead was applied to products during June? c. What was the cost of products completed during June? d. What was the balance of the Work-in-Process Inventory account at the end of June? e. What was the over-or underapplied manufacturing overhead for June? f. What was the operating profit (loss) for June? Any over-or underapplied overhead is written off to Cost of Goods Sold

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