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Business, 07.04.2020 19:47 nuclearfire278

Superior Corp. applies manufacturing overhead to production at 65% of direct labor cost. During the year ended 20xx, manufacturing overhead of $129,740 was applied to production; actual manufacturing overhead was $156,700. Ending Work in Process Inventory was $21,735 and ending Finished Goods Inventory was $35,880. Work in Process Inventory increased by 15% during the year and Finished Goods Inventory increased by 20% during the year. Unadjusted Cost of Goods Sold was $573,400. Complete the following schedule Complete the following schedule:Items AmountDirect Materials Used in Production Direct Labor Manufactoring Overhead Applied Current Manufactoring Cost Beginning Work in Process Inventory Ending Work in Process Inventry Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Overhead Adjustments Adjusted Cost of Goods Sold

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Superior Corp. applies manufacturing overhead to production at 65% of direct labor cost. During the...
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