Vaughn Industries reported the following information for December: Beginning balance, Raw Materials Inventory $187200 Beginning...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Vaughn Industries reported the following information for December:
Beginning balance, Raw Materials Inventory $187200
Beginning balance, Work in Process Inventory 306000
Beginning balance, Finished Goods Inventory 108000
Manufacturing overhead applied 530000
Purchases of raw materials 337400
Factory electricity 62500
Direct labor payroll 205000
Depreciation on factory equipment 218800
Insurance on factory building 47200
Indirect materials used in production 43800
Total raw materials used in production 406650
Indirect labor payroll 142000
Cost of goods manufactured 1248000
Cost of Goods Sold 1313000
How much manufacturing overhead was incurred by Vaughn during December?
$470500
$451800
$514300
$467100
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.