Author Question: Dawn Manufacturing produces industrial light fixtures. For the year, management estimated that total ... (Read 59 times)

rubiosusy7 · **on:** Feb 5, 2023

Dawn Manufacturing produces industrial light fixtures. For the year, management estimated that total manufacturing overhead would be $1,120,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 144,600 direct labor hours. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control:

Raw Materials Inventory

$124,600

Work in Process Inventory

464,220

Finished Goods Inventory

432,870

Cost of Goods Sold

2,340,900

For the year, manufacturing overhead was overapplied by $340,000. If Dawn prorates the overapplied overhead, what is the ending balance of Cost of Goods Sold? Use four decimal places for the rate.
◦ $2,104,192
◦ $2,095,114
◦ $2,577,608
◦ $2,586,686

dianagarcia · **Reply #1 on:** Feb 5, 2023

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