Exercise 5-22

Insert your answers in the gray-shaded cells of columns C, G, and I.

Enter amounts to be subtracted as negatives. If an answer is incorrect,

an asterisk will appear.

a.

Direct material

$   2,850

Direct labor

         800

Applied overhead

         680

Total cost

b.

Beginning work in process inventory

$   9,175

Production costs:

Direct material

$ 21,650

Direct labor

      6,300

Applied overhead

      5,355

Total production costs

Ending work in process inventory

    (4,330)

Cost of goods manufactured

c.

Actual overhead

$   5,054

Applied overhead

    (5,355)

Overapplied overhead

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