Midlands Technical College Operations And Supply Chain Management Assignment Help - Sanker Inc.

Question - Sanker Inc. has provided the following data for the month of August. There were no beginning
inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied
listed below are all for the current month.

Work In
Process Finished
Goods Cost of
Goods Sold Total
Direct materials $2,790 $7,680 $18,240 $28,710
Direct labor 9,700 19,200 45,600 74,500
Manufacturing
overhead applied 5,440 8,000 18,560 32,000
Total $17,930 $34,880 $82,400 $135,210

Manufacturing overhead for the month was overapplied by $5,000. The company allocates any
underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold
at the end of the month on the basis of the overhead applied during t ...Read More he month in those accounts.

12. The journal entry to record the allocation of any underapplied or overapplied overhead for August
would include

A. debit to finished goods of $34,880.
B. credit to finished goods of $34,880.
C. credit to finished goods of $1,250.
D. debit to finished goods of $1,250.

Please show HOW TO get this please ...Read Less

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